• GBP/ NZD gained on Tuesday as upbeat UK CBI data lifted the pair.
• The CBI data supported views that the fast UK immunization rollout and end of ongoing lockdowns had prodded economic development in UK.
• GBP/ NZD is holding near today's high, UK political angst, Fed uncertainty is likely discourage longs.
• Technical signals are bearish as RSI is at 43, 14, 21, 30 DMAs are trending down.
• Immediate resistance is located at 1.9303 (38.2% fib), any close above will push the pair towards 1.9358(14DMA).
• Immediate support is seen at 1.9183(23.6% fib) and break below could take the pair towards 1.9123 (Lower BB).
• Recommendation: Good sell around 1.9310, with stop loss of 1.9400 and target price of 1.9240
