• NZD/USD consolidates around 0.5889 on Tuesday as traders await fresh signals on U.S. political developments and further guidance on Federal Reserve policy
•Market participants are looking for any indications that could impact the Fed's next moves on interest rates, especially in light of ongoing concerns about inflation and economic growth.
•The lack of major economic data today has left the pair range-bound as traders stay on edge for potential market-moving news.
.
• At (GMT 06:21) Kiwi dollar was trading at up 0.22 % at $0.5866 against the U.S. dollar.
• The technical outlook remains bearish and points to eventual bigger drop, fourteen-day momentum is negitive.
• Immediate resistance is located at 0.5898(38.2%fib), any close above will push the pair towards 0.5889(11SMA).
• Support is seen at 0.5841(23.6%fib) and break below could take the pair towards 0.5831 (Lower BB).
Recommendation: Be on sidelines


Kiwi Retreat: Yen Momentum Targets 90.00 Support
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
FxWirePro- Major European Indices
FxWirePro: GBP/USD slips to four-month low with plenty more downside potential
FxWirePro: EUR/NZD loses momentum but bullish setup remains
FxWirePro: USD/CAD sustains gains as uptrend remains strong
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY slips as Japan intervention risk boosts Yen
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD steadies around 1.6750, retains bid tone
FxWirePro: AUD/USD AUD/USD softens as middle east problems compound
Sterling Slide: GBPJPY Breaks Critical Support as Bears Take Control
FxWirePro: EUR/AUD eases slightly but trend is still bullish
Aussie Eclipse: AUDJPY Slips Below 110.00 as Bearish Momentum Surges
FxWirePro:NZD/USD lingers near strong support as risk aversion dominates early trade
FxWirePro: USD/ZAR remains buoyant, looks to extend gains 



