• NZD/USD edged lower on Tuesday as investors awaited details on Trump's pledge to impose reciprocal levies on U.S. trading partners on April 2
• Trump called the April 2 tariffs a "Liberation Day" for the U.S. economy, aiming to reduce the $1.2 trillion global trade deficit by aligning U.S. levies with those of other countries and countering non-tariff trade barriers.
• Trump’s rapid-fire tariff strategy since his January inauguration has been characterized by threats, reversals, and last-minute delays, reflecting an evolving trade policy approach.
• At GMT 06:11, The New Zealand dollar was last trading down 0.05% to $0.5724
• Immediate resistance is located at 0.5768(50%fib), any close above will push the pair towards 0.5830(61.8%fib).
• Support is seen at 0.5706 (38.2%fib) and break below could take the pair towards 0.5626(23.6%fib).
Recommendation: Good to buy around 0.5730, with stop loss of 0.5650 and target price of 0.5800
