• GBP/ NZD rose on Thursday as renewed tariff uncertainty takes GBP/ NZD higer
• Trump floated a 25% reciprocal tariff on European cars and other goods. He also said tariffs on Mexico and Canada will go into effect on Tuesday.
• Investors are focused on monthly Personal Consumption Expenditure data, which is the Federal Reserve's preferred inflation gauge, due on Friday.
• GBP/ NZD is now on course to register a close below the 23.6%fib level, chart points to bigger gains towards 2.0650.
• Immediate resistance is located at 2.2433(Dec 19th high), any close above will push the pair towards 2.2523 (23.6%fib).
• Support is seen at 2.2321(38.2%fib) and break below could take the pair towards 2.2148(50%fib).
Recommendation: Good to buy around 2.0400, with stop loss of 2.0310 and target price of 2.0600
