• GBP/NZD initially fell but regained ground on Wednesday as the market focused on the potential negative impact of U.S. tariffs on global economic growth.
• Trump is set to announce sweeping reciprocal tariffs on global trading partners at 1600 ET (2000 GMT).
• British finance minister Rachel Reeves stated that London would not hastily respond to any tariffs, aiming to avoid jeopardizing a potential trade deal with Washington..
• Technical signals show the pair could gain more ground in the short-term as RSI is at 57,while moving averages and MACD are trending higher.
• Immediate resistance is located at 2.2789(23.6%fib), any close above will push the pair towards 2.2860(Higher BB ).
• Immediate support is seen at 2.2532(38.2%fib) and break below could take the pair towards 2.2311(50%fib).
Recommendation: Good to buy around 2.2600, with stop loss of 2.2520, and target price of 2.2900
