FxWirePro:GBP/NZD slips and closes under key fibo, Ukraine headlines in focus

• GBP/NZD dipped on Tuesday  as investors remained nervous on the deepening Ukraine-Russia crises.

• The United States and the West imposed sanctions after Russia moved troops in the breakaway regions of Ukraine.

• The pairs fall below the 2.0172 (50%fib)has increased the growing bearish strength, putting focus on support at 2.0100 kevel.

• Technicals are favouring bearish sentiment as RSI is at 44 and the pair is trading below   5,10 & 11-DMAs. 

• Immediate resistance is located at 2.0172 (50%fib), any close above will push the pair towards 2.0253 (61.8%fib).

• Strong support is seen at 2.0100 (38.2% fib)and break below could take the pair towards 2.0009 (23.8%fib).

Recommendation: Good to sell  around 2.0160, with stop loss of 2.0230 and target price of  2.0060