FxWirePro: NZD/USD bulls struggles as upside momentum fades

• NZD/USD eased on Friday as markets remained cautious about the progress of trade deals with the U.S. ahead of President Donald Trump's tariff deadline.

•Investors will monitor Washington’s tariff headlines next week as the temporary levy suspension ends; a calm Wednesday deadline could lift markets.

• So far, only the UK, Vietnam, and China have secured trade deals with the U.S., while other nations rush to clinch agreements before sweeping duties take effect and threaten their economic growth..

• Trump said his administration will start sending letters on Friday to 10–12 countries, informing them of the tariff rates their exports will face once the July 9 deadline passes.

• Market activity remained subdued due to the holiday of U.S. market for the Independence Day holiday on July 4th.

•  Immediate resistance is located at 0.6110(23.6%fib), any close above will push the pair towards 0.6113(Higher BB).

•  Support is seen at 0.6042(SMA 20)and break below could take the pair towards 0.6014(38.2%fib).

 Recommendation: Good to buy around 0.6050 with stop loss of 0.5930 and target price of 0.6130