• NZD/USD rose on Friday as the dollar weakened, driven by Donald Trump's tariffs on trading partners, which led to a shift away from the world's reserve currency.
•Investors endured a volatile week as U.S. tariffs were implemented, only to be unexpectedly paused by President Donald Trump, with China notably left out of the relief.
• Trump's unpredictable tariff policies and their potential economic impact have dampened risk appetite.
•China has mirrored Trump’s tariff hikes, raising concerns that Beijing could increase duties on the U.S. beyond the current 84%.
• At GMT 07:36, The New Zealand's dollar was last trading up 0.92% to $0.5792
• Immediate resistance is located at 0.5800(Psychological level), any close above will push the pair towards 0.5830 (23.6%fib).
• Support is seen at 0.5759 (38.2%fib) and break below could take the pair towards 0.5703(50%fib).
Recommendation: Good to buy around 0.5790 with stop loss of 0.5700 and target price of 0.5900
