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• GBP/NZD was little changed on Monday as investors awaited remarks from a range of Bank of England speakers this week..
• Bank of England officials Lombardelli, Ramsden, Dhingra, and Pill are set to speak. Fitch Ratings will review the UK's credit rating on Friday.
• GBP/NZD traded in a 2.2061-2.1953 range on Monday. At GMT 20:01, the pair was trading down 0.03 percent at 2.1999
• Technicals are favouring bearish sentiment as RSI has turned lower and the pair is trading below 14 & 21-DMAs.
• Immediate resistance is located at 2.2078 (38.2%fib), any close above will push the pair towards 2.2186 (Higher BB)
• Support is seen at 2.1926(38.2% fib) and break below could take the pair towards 2.1856 (Lower BB).
Recommendation: Good to sell around 2.2030 with stop loss of 2.2100 and target price of 2.1900
