• GBP/ NZD gained on Monday as upbeat Brexit and COVID vaccine tones lifted the pair.
• The pair is holding near today's high, but repeated failures to push above 1.1900 is discouraging longs.
• A close above 1.9282, 38.2% fib, should trigger a new bullish phase with potential for 1.9400. A break under 1.9050 would unmask 1.9000 level in the short term.
• Technical signals are bearish as RSI is at 46, 21, 30 DMAs are trending down.
• Immediate resistance is located at 1.9282 (38.2% fib), any close above will push the pair towards 1.9409 (30DMA).
• Immediate support is seen at 1.9050 (23.6% fib) and break below could take the pair towards 1.9000 (Psychological level).
Recommendation: Good sell around 1.9250, with stop loss of 1.9400 and target price of 1.9190
