• GBP/NZD slipped lower as investors grew increasingly cautious amid unclear trade deal prospects between US and other countries.
• Trump intensified his tariff campaign on Wednesday, announcing a 50% levy on copper imports and another 50% duty targeting Brazilian products, with both measures scheduled to begin August 1.
• Several countries are still waiting for official communication from the White House, as investors remain focused on the evolving trade talks.
• Meanwhile,markets are closely watching UK GDP and U.S. CPI releases, which could have a major impact on rate expectations from the Bank of England and the Federal Reserve..
• Immediate resistance is located at 2.2599(July 2nd hgh), any close above will push the pair towards 2.2708(38.2%fib)
• Support is seen at 2.2459 (50%fib) and break below could take the pair towards 2.2303 (Lower BB).
Recommendation: Good to sell around 2.2510 with stop loss of 2.2580 and target price of 2.2430
