Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/NZD loses steam, but bullish outlook remains

• GBP/NZD eased on Tuesday as  investors remained cautious ahead of U.S. President Donald Trump's planned reveal of reciprocal tariffs on Wednesday..

Trump is set to unveil reciprocal tariffs at 4 pm ET on April 2, aligning U.S. duties with those of other nations.

• On the data front, a survey showed that British manufacturers faced a tough March, with U.S. tariff threats and impending tax hikes contributing to a sharp drop in new orders.

• Separately, UK house prices remained flat in March, and the market is expected to stay subdued following a tax increase on property transactions.

• Immediate resistance is located at 2.2784(38.2%fib), any close above will push the pair towards 2.2852(Higher BB ).

• Immediate support is seen at 2.2646(50%fib) and break below could take the pair towards 2.2536(March 28th low).

Recommendation: Good to buy around 2.0660, with stop loss of 2.0540, and target price of 2.2900

 

FastComments.com
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.