• NZD/USD edged higher on Thursday as slight retreat in US dollar and buoyant risk appetite supported kiwi dollar.
• The RBNZ kept rates at 3.25% Wednesday, citing near-term inflation risks but signaled future easing if inflation slows.
•Meanwhile, Trump intensified his global tariff push on Wednesday, unveiling 50% duties on U.S. copper imports and Brazilian goods, effective August 1.
•Traders brushed off the news, believing the latest tariff threats were unlikely to cause major trade disruptions.
•Investors leaned into riskier assets amid growing confidence that extreme tariff measures would be avoided.
• Immediate resistance is located at 0.6033(38.2%fib), any close above will push the pair towards 0.6120 (23.6%fib).
• Support is seen at 0.5965(50%fib)and break below could take the pair towards 0.5932(Lower BB).
Recommendation: Good to buy around 0.5980 with stop loss of 0.5900 and target price of 0.6070
