• GBP/NZD initially steadied on Monday but gains fizzled as risk-off sentiment added weight in a holiday thinned trade.
• Investor focus this week will be on U.S. consumer and producer inflation data, as well as the World Bank spring meeting in Washington.
• Technical are bullish, RSI is is trending higher, momentum studies, 5, 10 DMAs are trending up.
• Immediate resistance is located at 1.9834 ( Daily high), any close above will push the pair towards 1.9994(23.6%fib).
• Support is seen at 1.9828( 38.2%fib)and break below could take the pair towards 1.9783 (14DMA).
Recommendation: Good to buy around 1.9890 with stop loss of 1.9800 and target price of 1.9950
