• NZD/USD edged lower on Thursday as lingering concerns over trade uncertainties and global growth prospects weighed on investor sentiment .
•President Trump issued a new tariff threat against EU goods on Wednesday, further escalating trade tensions. The move comes as key U.S. trading partners vowed to retaliate against his existing trade barriers, raising concerns about a broader economic fallout.
•Data released on Wednesday showed that U.S. inflation increased slightly less than expected in February, offering some relief to markets.
•The latest U.S. inflation figures were closely monitored as markets assessed recent soft economic data and the potential inflationary effects of Trump’s tariff campaign.
• At GMT 06:14, The Kiwi dollar was last trading down 0.22% to $0.5717 against greenback.
• Immediate resistance is located at 0.5742(50%fib), any close above will push the pair towards 0.5787(Higher BB ).
• Support is seen at 0.5684(38.2%fib) and break below could take the pair towards 0.5606(23.6%fib).
Recommendation: Good to buy around 0.5690, with stop loss of 0.5600 and target price of 0.5780
