• GBP/ NZD gained on Tuesday as pound took another shot higher ahead of new round of Brexit talks.
• Traders are bracing for a new round of talks between Britain and the European Union to restart.
• At GMT 18:57, the pair was trading 0.40% higher at 2.0055, highest since 20th May.
• Technical favours uptrend, daily RSI is at 75, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 2.0116 (23.6% fib ), any close above will push the pair towards 2.0202 (Higher BB).
• Strong support is seen at 1.9954(5DMA) and break below could take the pair towards 1.9926 (38.2% fib).
Recommendation: Good to buy around 2.00550, with stop loss of 1.9900 and target price of 2.0200.
