FxWirePro: NZD/USD down trend on the brink of resuming

• NZD/USD dollar dipped on Tuesday   as Kiwi dollar was on defensive as US dollar strength persisted following   political turmoil in France and U.S. President-elect Donald Trump's tariff threats.

• Data from New Zealand showed   the terms of trade increased in the third quarter, while net exports of goods negatively impacted GDP, supporting the central bank's aggressive rate cuts.
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•Markets are awaiting U.S. employment data on Friday to refine expectations on whether the Federal Reserve will cut rates later this month, with the odds currently seen as evenly split.

• At (GMT 06:39) The kiwi dollar  dropped 0.4% to $0.5878, following a 0.17% decline overnight, reaching a low of $0.5865. 
 
•  Immediate resistance is located at 0.5941(38.2%fib), any close above will push the pair towards 0.6000 (Psychological level).

•  Support is seen at 0.5859(38.2%fib) and break below could take the pair towards 0.5801(23.6%fib).

 Recommendation: Good to sell around 0.5890 with stop loss of 0.5950 and target price of 0.5820