• EUR/NZD initially gained but gave up some ground as traders awaited further cues on U.S. tariff policy from President Trump.
• Tariff talks remain in flux as the U.S. pursues deals with the EU and India, while further U.S.-China negotiations are expected after Trump’s call with Xi.
• Traders are becoming more immune tariffs news, which have unnerved investors on concerns about how they may impact inflation and growth.
• In an up-and-down session, the pair hit high at 1.8970 in early trading then dipped towards 1.8900.
• Immediate resistance is located at 1.9076(May 28th high), any close above will push the pair towards 1.9189(50% fib)
• Support is seen at 1.8868 (61.8% fib ) and break below could take the pair towards 1.8825(Lower BB).
Recommendation: Good to buy around 1.8920, with stop loss of 1.8840, and target price of 1.9000
