• GBP/NZD initially gained on Tuesday but early rally fizzled as investors awaited key UK economic data.
• Investors remain on hold ahead of Friday's economic data, including gross domestic product, the balance of trade and industrial production.
• Underlying trend for the pair remains bearish. A break below 38.2%fib support might spur increased downward momentum.
• Technical signals show bearish momentum , the9 DMA and 11 DMAs trend south, while RSI is heading south at 49.
• Immediate resistance is located at 2.0768 ( 11DMA), any close above will push the pair towards 2.0805 (50%fib).
•,Strong support is seen at 2.0667 (38.2%fib) and break below could take the pair towards 2.0556 (Nov 3rd low).
Recommendation: Good to sell on rallies around 2.0720, with stop loss of 2.0850 and target price of 2.0640.


FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro:USD/JPY hovers near a four-decade low
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/AUD bears maintain upper hand
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 



