• GBP/NZD eased on Thursday after data showed Britain's construction industry saw the biggest slide in activity in more than three years last month.
• UK PMI tumbled to 45.0 in September , the all-sector PMI - which includes services, manufacturing and construction - stood at 48.2 in September, its lowest level since January 2021.
• The pound erased Wednesday’s gains against the kiwi dollar , the pair was last down at 0.43% at 2.0438.
• Technical signals are bearish as RSI is rising lower at 35, moving averages 5,9 ,11DMA’s trending south.
• Immediate resistance is located at 2.0530 (38.2%fib), any close above will push the pair towards 2.0617(61.8%fib).
• Immediate support is seen at 2.0413(38.2%fib) and break below could take the pair towards 2.0307 (23.6%fib).
Recommendation: Good to sell around 2.0450, with stop loss of 2.0 550 and target price of 2.0350
