• GBP/NZD edged lower on Tuesday but losses were limited as market seeked fresh factors for futher direction.
• Choppy overnight action leads to a short lived dip but, buyers emerged near 2.0158.
.• Technicals highlight upside risks. The 10- and 21-day moving averages lend support, daily RSI is rising.
• Immediate resistance is located at 2.0280(23.6%fib), any close above will push the pair towards 2.0320 (Higher BB).
• Immediate support is seen at 2.0122 (9DMA) and break below could take the pair towards 2.0054 (9DMA).
Recommendation: Good to buy around 2.0200, with stop loss of 2.0050 and target price of 2.0300
