FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level

• GBP/NZD slipped lower on Thursday as  risk appetite improved following reports of a possible extension to the U.S.-Iran ceasefire.

• The U.S. and Iran reportedly reached a tentative agreement to extend the ceasefire, pending approval from President Donald Trump, after Iran targeted a U.S. air base in Kuwait in response to U.S. strikes.

• Precious metals and equities also benefited from the improved sentiment, with gold and silver turning positive alongside gains in global stock markets, reinforcing the broader shift toward risk-sensitive trades.

• On The data front, U.S. personal consumption expenditures price index jumped 3.8% in the 12 months through April, in line with expectations. The PCE price index rose 0.4% month-on-month ​in April after shooting up 0.7% in March..

• Immediate resistance is located at 2.2687(38.2%fib), any close above will push the pair towards 2.2838(50%fib).

• Immediate support is seen at 2.2547(Lower BB) and break below could take the pair towards 2.2496(23.6%fib).

Recommendation: Good to sell around 2.2680  with stop loss of 2.2780 and target price of 2.2600