• NZD/USD held near three month low on Wednesday as dollar remained bid on Trump tariff hopes.
• Trump's proposed tariffs, along with other policies like tax cuts, are viewed as inflationary and likely to keep U.S. interest rates elevated, supporting the strength of the dollar.
•Investors are awaiting U.S. consumer inflation data set for release later today, which could offer further insight into the Federal Reserve's future monetary policy decisions.
.
• At (GMT 05:15) Kiwi dollar was trading at up 0.01 % at $0.5975 against the U.S. dollar.
• The technical outlook remains bearish and points to eventual bigger drop, fourteen-day momentum is negitive.
• Immediate resistance is located at 0.5982(38.2%fib), any close above will push the pair towards 0.6000(Psychological level).
• Support is seen at 0.5910 (23.6%fib) and break below could take the pair towards 0.5891 (Lower BB).
Recommendation: Good to sell around 0.5940 with stop loss of 0.6000 and target price of 0.5860
