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• GBP/NZD eased on Monday as Kiwi dollar gained upward traction after its biggest trading partner China kept its lending benchmark rates unchanged .
• The one-year loan prime rate (LPR) was kept at 3.45% and the five-year LPR was unchanged at 4.20%.
•At GMT 16:22, the pair was trading down 0.13 percent at 2.0757 after reaching daily low at 2.0667.
•Technical signals are bearish as RSI is at 49, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 2.0796(38.2%fib), any close above will push the pair towards 2.0865(Nov 17th high)
• Immediate support is seen at 2.0669(50DMA ) and break below could take the pair towards 2.0606(50DMA).
Recommendation: Good to sell around 2.0770 with stop loss of 2.0890 and target price of 2.0690
