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FxWirePro: NZD/USD edges up on strong NZ manufacturing data and US tariff pause

• NZD/USD edged higher on Friday  as the dollar weakened as markets welcome the news that U.S. President Donald Trump's plan for reciprocal tariffs will be delayed.

• On Thursday, Trump instructed his economic team to develop plans for reciprocal tariffs on any country taxing U.S. imports, with targets including China, Japan, South Korea, and the European Union.

• A survey on Friday showed that New Zealand's manufacturing activity grew for the first time in nearly two years, with production and new orders in positive territory.

• The Bank of New Zealand-Business NZ's seasonally adjusted Performance of Manufacturing Index (PMI) rose to 51.4 in January, up from a revised 46.2 in December. New orders increased to 50.9 from 46.8 the previous month.
 
•  Immediate resistance is located at 0.5690(50%fib), any close above will push the pair towards 0.5718(Higher BB).

•  Support is seen at 0.5625(38.2%fib) and break below could take the pair towards 0.5610(Lower BB).

 Recommendation: Good to buy around 0.5670 with stop loss of 0.5590 and target price of 0.5750

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