• GBP/NZD edged higher on Tuesday but gains were limited as investors a exercised caution ahead of this week's crucial data releases.
• Market focus is on the U.S. Core Personal Consumption Expenditure Price Index data PCE due on Friday.
• A rally towards is possible if GBP/NZD bulls overcome resistance at 2.1081 (23.6%fib ).
• Technical are strongly bullish, daily RSI is bullish at 65, daily momentum studies 9 and 10 DMAs are trending up.
• Immediate resistance is located at 2.1081 (23.6%fib ), any close above will push the pair towards 2.1106 (Higher BB).
• Strong support is seen at 2.0100(March 26th low) and break below could take the pair towards 2.0948(38.2%fib).
Recommendation: Good to buy around 2.0100, with stop loss of 2.0000 and target price of 2.1110
