FxWirePro: NZD/USD inches higher as markets await clarity on Trump’s trade tariffs

• NZD/USD edged higher  on Monday as US dollar weakened as investors looked for developments on the tariff front.

• Investors are eagerly awaiting details on Trump's pledge to impose reciprocal levies on U.S. trading partners on April 2, as his shifting tariff threats have left nations and businesses uncertain about what comes next.

• Last week's data confirmed the New Zealand economy had exited recession, but expectations for further RBNZ rate cuts this year remained unchanged.

•Economists see the RBNZ on track to make further cuts. If the anticipated rate cuts materialize, the OCR would fall to 3.25%, a significant drop from the 5.5% level before the RBNZ began cutting rates in August 2024.

•  At GMT 10:43, The New Zealand  dollar  was last  trading up  0.22% to $0.5744

•  Immediate resistance is located at 0.5768(50%fib), any close above will push the pair towards 0.5830(61.8%fib).

•  Support is seen at 0.5720 (Lower) and break below could take the pair towards 0.5705(38.2%fib).

 Recommendation: Good to buy around 0.5730, with stop loss of 0.5650 and target price of 0.5800