FxWirePro: GBP/NZD positions for another climb, eyes 2.900 level

• GBP/NZD strengthened on Monday  as the market focused on the negative consequences for global economic growth   from U.S. tariffs.

• U.S. President Donald Trump is expected to announce reciprocal tariffs on April 2, while automobile tariffs will take effect on April 3.

• A British government spokesperson stated that Prime Minister Keir Starmer and President Trump had  productive negotiations regarding a trade deal during a phone call on Sunday.

• On the macro front, Bank of England data revealed British mortgage approvals softened in February, with consumer credit growing at a slower pace than the previous month.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 68,while moving averages and MACD are trending higher.

• Immediate resistance is located at 2.2850(38.2%fib), any close above will push the pair towards 2.3000(Psychological level ).

• Immediate support is seen at 2.2622(50%fib) and break below could take the pair towards 2.2540(March 28th low).

Recommendation: Good to buy around 2.0720, with stop loss of 2.0620, and target price of 2.900