• NZD/USD drifted lower on Tuesday as US dollar recovered, erasing losses from Trump impact.
•Global markets reacted with concern on Tuesday, closely watching headlines about Trump’s plans for trade relations and tariffs.
• New Zealand's electronic retail card spending increased 2.0% in December, the biggest monthly rise since early 2022.
• The Reserve Bank of New Zealand meets on Feb. 19, with markets pricing in an 80% chance of a rate cut from 4.25% to 3.75%.
• At (GMT 05:59) Kiwi dollar was trading at down 0.56% to 0.5600 against the U.S. dollar.
• Immediate resistance is located at 0.5699(50%fib), any close above will push the pair towards 0.5702(61.8%fib).
•Support is seen at 0.5628 (38.2%fib) and break below could take the pair towards 0.5548(23.6%fib).
Recommendation: Good to sell around 0.5660 with stop loss of 0.5720 and target price of 0.5550
