• GBP/NZD eased on Monday as heightened concerns over the Iran war pressured the pound.
• Trump threatened to obliterate Iran's energy plants and oil wells if it does not open the Strait of Hormuz, after Tehran rejected US peace proposals as "unrealistic" and fired missiles at Israel.
• Iran dismissed U.S. proposals to end the Middle East war as “unrealistic, illogical and excessive,” while continuing missile attacks on Israel, underscoring rising tensions and stalled peace efforts.
• Rising oil prices are stoking inflation concerns, while a prolonged war risks further straining consumer finances and slowing economic growth.
• Key data releases later this week include domestic fourth-quarter GDP figures and the U.S. jobs report for March.
• Immediate resistance is located at 2.3150(38.2%fib), any close above will push the pair towards 2.3181(Higher BB).
• Immediate support is seen at 2.2922( 50%fib) and break below could take the pair towards 2.2853(50%fib).
Recommendation: Good to buy around 2.3000 with stop loss of 2.2940 and target price of 2.3100
