• EUR/NZD rose on Thursday after Trump confirmed March 4 tariffs on Mexico and Canada, plus a 10% duty on Chinese imports.
• Trump confirmed adding extra tariffs on China and maintaining the Tuesday deadline for Canada and Mexico due to what his administration views as insufficient progress on stopping fentanyl flows.
• Investors' focus now turns to the U.S. Personal Consumption Expenditures (PCE) index due on Friday, expected to remain at 0.3% as per a poll.
• Technical are bullish, daily RSI is positive at 62, daily momentum studies 11 and 14 DMAs are trending up.
• Immediate resistance is located at 1.8494(23.6% fib), any close above will push the pair towards 1.8527(Higher BB).
• Strong support is seen at 1.8404(Dec 27th low) and break below could take the pair towards 1.8340(38.2% fib).
Recommendation: Good to buy around 1.8450, with stop loss of 1.8380 and target price of 1. 8550
