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FxWirePro : GBP/NZD fresh wave Of weakness targets 10-day moving average

• GBP/NZD dipped on Thursday as the pair failed find strong direction in quiet trading session due to a U.S. holiday. • Latin American assets sold off this month after Trump's election victory this month, while an intens…

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FxWirePro : GBP/NZD fresh wave Of weakness targets 10-day moving average
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• GBP/NZD dipped   on Thursday as the pair failed find strong direction  in quiet trading session due to a U.S. holiday.

• Latin American assets sold off this month after Trump's election victory this month, while an intensification of the war between Russia and Ukraine compounded losses.

•Investors have been weighing Trump's policies on trade, tariffs and immigration, which could ignite a global trade war and increase U.S. inflation.  .

• Immediate resistance is located at 1.1545 (Nov 27th high), any close above will push the pair towards 1.4182 (Tuesday high)

• Strong support is seen at 1.3860 (38.2% fib)and break below could take the pair towards 2.836(38.2% fib).

Recommendation: good to  buy1.4015 around  with stop loss of 1.5530 and target price of 1.36860

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