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FxWirePro: GBP/NZD threatens 50% fib after fall below 2.2000 handle

• 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
 

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