• NZD/USD moved higher on Wednesday as Trump's trade agreement with Japan helped ease fears of further tariff escalation.
•U.S. President Donald Trump reached a trade deal with Japan that lowers tariffs on auto imports and exempts Tokyo from new tariffs on other goods, in return for a $550 billion package of U.S.-bound investments and loans..
• Trump’s announcement came after a meeting with Japan’s chief tariff negotiator, Ryosei Akazawa, at the White House on Tuesday.
•The news boosted the New Zealand dollar against the greenback, lifting overall market sentiment.
• At GMT 05:36, the New Zealand dollar was up 0.29% to 0.6017 against the US dollar
• Immediate resistance is located at 0.6048(38.2%fib), any close above will push the pair towards 0.6083 (Jan 8th high).
• Support is seen at 0.5971(50%fib)and break below could take the pair towards 0.5944(July 22nd low).
Recommendation: Good to buy around 0.5990 with stop loss of 0.5900 and target price of 0.6070
