• GBP/NZD dipped on Monday after data showed British businesses reported a slowdown in growth this month.
• The preliminary estimate of the UK S&P Global Composite Purchasing Managers' Index fell to 52.9 from 53.8, below all forecasts in a poll of economists but still well above the 50 level that separates growth from contraction.
•The PMI for the services sector, which dominates Britain's economy, fell to 52.8 from 53.7 in August, again below the poll consensus of 53.5.
• Immediate resistance is located at 2.1371(38.2%fib), any close above will push the pair towards 2.1420(Higher BB).
• Immediate support is seen at 2.1208 (50%fib), break below could take the pair towards 2.1135(Sep 6th low)
Recommendation: Good to sell around 2.1310 with stop loss of 2.1400 and target price of 2.1230
