• GBP/ NZD trickled lower on Tuesday as Brexit and COVID realities moved back in focus.
• Brexit negotiations appear to be no closer to bridging significant gaps in key areas as the soft November 15 and hard December 31 deadlines quickly approach.
• At GMT 18:26, the pair was trading up 0.22 percent at 1.9438 after reaching daily low at 1.7989
• Technical signals are bearish as RSI is at 44, 21, 30 DMAs are trending down.
• Immediate resistance is located at 1.9514 ( 38.2% fib), any close above will push the pair towards 1.9569 (9DMA).
• Immediate support is seen at 1.9396 (Daily low) and break below could take the pair towards 1.9374 (Lower BB).
• Recommendation: Good sell around 1.9400, with stop loss of 1.9518and target price of 1.9300
