• GBP /NZD strengthened on Tuesday as the pair recovered from early dip ahead of U.S. inflation data
• The pound erased some of Monday's losses against the kiwi dollar , the pair was last up at 0.19% at 1.9923 .
• From a technical viewpoint, RSI is bearish at 44, daily momentum studies, 5, 10 and 11 daily MAs are pointing down.
• Immediate resistance is located at 1.9964 (Daily high), any close above will push the pair towards 2.0034 (38.2%fib).
• Immediate support is seen at 1.9866(Daily low) and break below could take the pair towards 1.9817 (50%fib).
Recommendation: Good to sell around 1.9930, with stop loss of 2.0080 and target price of 1.9860
