FxWirePro: NZD/USD edges higher as markets eye Trump’s next move

• NZD/USD edged higher on Wednesday  as investors held on to hopes that U.S. President Donald Trump may approach tariffs with more flexibility than previously anticipated

• Trump signaled that while auto tariffs are coming soon, some levies may be delayed or waived for certain countries, easing investor concerns.

• Since his January inauguration, Trump’s tariff approach has been marked by threats, reversals, and last-minute delays, highlighting a fluid trade policy.

•Looking ahead, several Federal Reserve officials are set to speak later today, while markets await Friday’s U.S. personal consumption expenditures data for monetary policy insights.

•  At GMT 07:50, The New Zealand  dollar  was last  trading up  0.35% to $0.5753

•  Immediate resistance is located at 0.5759(50%fib), any close above will push the pair towards 0.5834(61.8%fib).

•  Support is seen at 0.5697 (38.2%fib) and break below could take the pair towards 0.5599(23.6%fib).

 Recommendation: Good to buy around 0.5730, with stop loss of 0.5650 and target price of 0.5800