• GBP/NZD eased on Tuesday as risk appetite improved on optimism that the Iran conflict may end soon.
•Trump’s Monday remarks boosted market optimism, but in Iran, hardliners rallied behind new Supreme Leader Mojtaba Khamenei, highlighting ongoing tensions
• After saying the Iran war could end soon, Donald Trump indicated he might negotiate with Iran, depending on the terms.
• Trump’s Monday comments drove oil down nearly 11%, despite Iran’s threat to block Middle East exports and Britain’s efforts to protect shipping.
• Immediate resistance is located at 2.2701 (38.2%fib), any close above will push the pair towards 2.2800(Higher BB).
• Immediate support is seen at 2.2590(SMA 20) and break below could take the pair towards 2.2409(23.6%fib).
Recommendation: Good to sell around 2.2660 with stop loss of 2.2770 and target price of 2.2600
