• 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
