• GBP/NZD initially dipped but recovered some ground on Tuesday as risk sentiment overcame dour China COVID news, but gains were limited ahead of Fed's November meeting .
• Investors awaited minutes from the Fed's November meeting, due on Wednesday, for any cues about the outlook for interest rates.
•The pair is testing resistence 1.9321 (5DMA), a daily close above will accelerate upside towards 1.9400 level.
• Technicals are favouring bullish sentiment as RSI is at 51 while, moving averages are trending north.
• Immediate resistance is located at 1.9321 (5DMA), any close above will push the pair towards 1.9529(23.6%fib)
• Support is seen at 1.9229(38.2%fib)and break below could take the pair towards 1.9139(Nov 4th low).
Recommendation: Good to buy around 1.9320, with stop loss of 1.9200 and target price of 1.9400.
