• GBP/NZD initially gained but gave up ground as signals from the U.S. and Iran on potential negotiations to end the conflict in the Middle East kept traders on edge.
• U.S. President Donald Trump told reporters that the administration was talking to "the right people" in Iran to reach an agreement to end hostilities.
• Prices of crude oil, a key resource for developing economies, were last up 3.5% at $103.47 a barrel.
• Fuel prices are expected to spike in the coming days after the government invoked a clause in its fuel stabilization mechanism to rapidly align with surging international prices.
• Immediate resistance is located at 23062 (50%fib), any close above will push the pair towards 2.327(Higher BB).
• Immediate support is seen at 2.2905(38.2%fib) and break below could take the pair towards 2.2732(SMA20).
Recommendation: Good to buy around 2.2950 with stop loss of 2.2860 and target price of 2.3050
