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FxWirePro: NZD/USD inches higher amid dollar weakness

• NZD/USD edged higher  on Monday   as the U.S. dollar weakened amid global trade tensions and concerns over the U.S. economy's growth outlook.

• Data showed that the U.S. economy created slightly less jobs than expected in February while the unemployment rate ticked up.

• Markets remain focused on global trade tensions as President Trump imposed tariffs on major trading partners, later delaying some for a month amid mounting fears of a slowing U.S. economy.

• At GMT 06:47, The Kiwi dollar  was last  trading up 0.35% to $0.5727 against greenback.

•  Immediate resistance is located at 0.5742(50%fib), any close above will push the pair towards 0.5781(Higher BB ).

•  Support is seen at 0.5676(38.2%fib) and break below could take the pair towards 0.5636 (March 5th low).

 Recommendation: Good to buy around 0.5710, with stop loss of 0.5650 and target price of 0.5760

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