• GBP/NZD strengthened on Monday as sterling firmed ahead of British finance minister Rachel Reeves' spring budget update later this week .
• Britain's Office for Budget Responsibility is expected to announce a sharp downgrade to the UK's economic growth this year likely forcing Reeves to scale back future spending plans amid rising borrowing costs.
.• Key economic data due this week includes UK inflation figures and the U.S. Federal Reserve's preferred inflation gauge.
• Markets are also awaiting clarity on U.S. President Donald Trump's reciprocal tariffs on April 2.
• Immediate resistance is located at 2.2640(23.6%fib), any close above will push the pair towards 2.2809(Higher BB).
• Immediate support is seen at 2.2410 (38.2%fib) and break below could take the pair towards 2.2226(50%fib).
Recommendation: Good to buy around 2.2550, with stop loss of 2.2450, and target price of 2.2750
