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• GBP/NZD slipped lower on Tuesday as the pair attracted sellers data after showed UK unemployment rate unexpectedly climbed.
• According to the Office for National Statistics (ONS), the rate rose to 4.4% from February to April this year, up from the previous figure of 4.3% and the highest since September 2021.
• At GMT 20:35, the pair was trading down 0.21 percent at 2.0728 ,lowest since June 7th.
• Technical signals show the pair could lose more ground as RSI is lower at 45, and 5 and 9 DMA’s are trending south.
• Immediate resistance is located at 2.0814( 38.2%fib), any close above will push the pair towards 2.0896 (50%fib).
• Immediate support is seen at 2.0716 (23.6%fib) and break below could take the pair towards 2.0624 (Lower BB).
Recommendation: Good to sell round 2.0740, with stop loss of 2.0850 and target price of 2.0660
