FxWirePro: NZD/USD extends gains, faces 23.8%fib resistance

• NZD/USD steadied on Monday as the dollar softened amid concerns over Trump’s aggressive fiscal proposals and his ongoing criticism of Fed Chair Powell.

 •Investors are   keeping close eye on U.S. President Donald Trump's massive tax-cut and spending bill, which is currently before the Senate.

• The Congressional Budget Office estimates the bill would add $3.3 trillion to U.S. debt over the next decade, potentially testing foreign demand for Treasuries.

• On the data front, a private survey showed New Zealand business confidence surged in June as global tariff concerns eased.

• The Reserve Bank of New Zealand is expected to hold rates at its July 9 meeting, with swaps pricing in just a 23% chance of a 25bps cut from the current 3.25% cash rate.

• Immediate resistance is located at 0.6088(23.8%fib), any close above will push the pair towards 0.6107(Higher BB).

•  Support is seen at 0.6033(SMA)and break below could take the pair towards 0.5991(38.2%fib).

 Recommendation: Good to buy around 0.6050 with stop loss of 0.5930 and target price of 0.6150