• EUR/NZD initially fell but regained ground on Wednesday as traders awaited details of U.S. President Trump's upcoming tariff plans.
• Investor focus on Wednesday was sharply on the reciprocal tariffs the White House is set to announce after the U.S. stock market close, an event President Trump has dubbed "Liberation Day."
• Trump is set to impose new tariffs, adding to existing levies on aluminum, steel, and Chinese goods, raising fears of a global economic slowdown.
• ECB head Christine Lagarde warned on Wednesday that the tariffs will have global negative effects, with the impact depending on their extent, duration, and the success of negotiations.
• Immediate resistance is located at 1.9071 (23.6%fib), any close above will push the pair towards 1.9165(Higher BB).
• Strong support is seen at 1.8822(38.2%fib) and break below could take the pair towards 1.8666(50% fib )
Recommendation: Good to buy around 1.8900, with stop loss of 1.8670 and target price of 1.9110
