• GBP/NZD steadied on Tuesday as investors assessed the impact of tariffs on the global economy and awaited Wednesday's UK spring budget statement.
• Finance Minister Rachel Reeves' budget update will include projections from the Office for Budget Responsibility, which is expected to cut the UK’s 2025 growth forecast from 2% to around 1%.
•Markets are on edge ahead of next week, as U.S. President Donald Trump threatens to impose or at least outline new tariffs on autos, chips, and pharmaceuticals.
.• Key economic data due this week includes UK inflation figures and the U.S. Federal Reserve's preferred inflation gauge.
• Immediate resistance is located at 2.2763(23.6%fib), any close above will push the pair towards 2.2809(Higher BB).
• Immediate support is seen at 2.2533 (38.2%fib) and break below could take the pair towards 2.2341(50%fib).
Recommendation: Good to buy around 2.2560, with stop loss of 2.2450, and target price of 2.2650
