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FxWirePro: GBP/NZD retreats slightly but trend is still bullish

• GBP/NZD eased on Tuesday as markets paused ahead of the year-end holiday period. • Trading has been thin around the Christmas holiday period in Britain, and remains so in the run-up to the New Year holiday. • Markets w…

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FxWirePro: GBP/NZD retreats slightly but trend is still bullish
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• GBP/NZD eased on Tuesday  as markets paused ahead of the year-end holiday period.

• Trading has been thin around the Christmas holiday period in Britain, and remains so in the run-up to the New Year holiday.

• Markets will close early on Wednesday for New Year's Eve and remain closed across most of the world on Thursday, January 1.

• Meanwhile, Fed agreed to cut rates at its December meeting only after a detailed debate over current risks to the U.S. economy, minutes showed..

• Immediate resistance is located at 2.3292(38.2%fib), any close above will push the pair towards 2.3354(Higher BB).

• Immediate support is seen at 2.3142(SMA 20) and break below could take the pair towards 2.3098(50%fib).

• Recommendation: Good to buy around 2.3230 with stop loss of 2.3150 and target price of 2.3350
 

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