• GBP/ NZD initially gained on Monday but gave up ground on diminished global growth view after weak china data.
• The pair attempted to breach resistance at 1.9743 ( 50% fib) and dipped towards 1.9691 level . A decisive break closure above 1.9743 could generate further gains.
•Tuesday UK employment data is in focus, employment rate seen steadying at 4.8%.
• Immediate resistance is located at 1.9743 ( 50% fib), any close above will push the pair towards 1.9763 (Higher BB).
• Immediate support is seen at 1.9680 (50% fib) and break below could take the pair towards 1.9622 (61.8% fib).
• Recommendation: Good to buy around 1.9670, with stop loss of 1.9600 and target price of 1.9790
