• EUR/NZD slipped lower as easing U.S.-China trade tensions boosted risk-sensitive currencies like the New Zealand dollar.
• Trump and Treasury Secretary Scott Bessent this week indicated there might be an easing in tensions with China.
• On Wednesday, Treasury Secretary Scott Bessent emphasized that the current high tariff levels between the U.S. and China are unsustainable and must be reduced before any meaningful trade negotiations can resume.
• On the data front ,German business sentiment improved unexpectedly in April,The Ifo institute said its business climate index rose to 86.9 in April from 86.7 in March, beating forecasts by analysts.
• Immediate resistance is located at 1.9159 (50% fib), any close above will push the pair towards 1.9309 (April 21st high).
• Immediate support is seen at 1.8929 (61.8% fib) and break below could take the pair towards 1.8727(Lower BB).
Recommendation: Consider selling around 1.9000, with a stop loss at 1.9160 and a target price of 1.8800.
