• GBP/NZD initially dipped but recovered ground as investors analyzed a series of US economic indicators and the impact of U.S. President-elect Donald Trump's tariff threats.
• Investors weighed U.S. inflation data and its effects on Fed policy, along with the impact of Trump's tariff pledges, as U.S. trading slowed ahead of Thanksgiving..
• This week, there is a light economic data schedule for the UK, with fewer major releases expected..
• Immediate resistance is located at 2.1544(38.2%fib), any close above will push the pair towards 2.1650(Higher BB).
• Support is seen at 2.1444 (50%fib) and break below could take the pair towards 2.1324 (61.8%fib).
Recommendation: Good to buy around 2.1480, with stop loss of 2.1320 and target price of 2.1580
