FxWirePro: NZD/USD downside pressure builds, key support level in focus

• NZD/USD dipped on Friday as risk sentiment deteriorated as multiple central banks highlighted global economic uncertainty.

• Global central banks, including the Fed, BOJ, and BOE, maintained a cautious stance this week, central bankers pointed to an uncertain outlook, largely driven by rising trade tensions sparked by U.S. policies under President Trump.

• Investors now turn their attention to the details of the Trump administration's April 2 tariffs, as markets grow anxious about the impact of tit-for-tat trade measures on inflation and economic growth..

•  At GMT 06:10, The New Zeland  dollar  was last  trading down  0.09% to $0.5752

•  Immediate resistance is located at 0.5770(38.2%fib), any close above will push the pair towards 0.5825(23.6%fib).

•  Support is seen at 0.5742 (March 17th low) and break below could take the pair towards 0.5724(50%fib).

 Recommendation: Good to sell around 0.5770, with stop loss of 0.5850 and target price of 0.5700