• GBP/NZD declined on Friday as reduced tariff angst and increased on optimism about Ukraine peace discussions boosted commodity linked currencies like kiwi dollar.
• The uncertainty around Trump's trade and tariff policies clears with a tariff delay, boosting commodity-linked currencies due to a more optimistic trade outlook.
• GBP/NZD technical outlook is bearish in short-term as RSI has turned lower, moving averages are trending down.
• Immediate resistance is located at 2.2216 (38.2% fib ), any close above will push the pair towards 2.2253(Higher BB).
• Strong support is seen at 2.1944 (50% fib) and break below could take the pair towards 2.1743 (61.8% fib).
Recommendation: Good to sell around 2.2000, with stop loss of 2.2100 and target price of 2.1830
