FxWirePro: NZD/USD loses momentum but short term outlook remains bullish

• NZD/USD edged lower  on Friday    as greenback   firmed on signs of easing in Sino-US trade tensions.

• Trump rattled currency markets at the week's open, sending the dollar plunging against major peers after he threatened to oust Fed Chair Jerome Powell over perceived slow rate cuts.

• Reports emerged on Friday that China is considering tariff exemptions for certain U.S. goods, fueling optimism for a potential thaw in the escalating trade war between the world’s two largest economies.

• Financial markets responded positively to the news, with the U.S. dollar gaining strength and global stock indices showing optimism despite ongoing tensions.

• At GMT 06: 08, The New Zealand's dollar  was last  trading up 0. 11% to $0.5960

•  Immediate resistance is located at 0. 6013 (23 .6%fib), any close above will push the pair towards 0.6072 (Higher BB).

•  Support is seen at 0.5928 (38.2%fib) and break below could take the pair towards 0.5856(50%fib).

 Recommendation: Good to buy around 0.5910 with stop loss of 0.5860 and target price of 0.6050