FxWirePro: NZD/USD reaches one-week high on Trump trade policy shift

• NZD/USD hit one week high on Thursday  as US dollar weakened after the U.S. offered some tariff relief for automakers.

• The Trump administration granted Canada and Mexico a one-month reprieve on auto import tariffs, highlighting the fast-changing trade landscape.

•Meanwile, the Reserve Bank of New Zealand's acting head, Christian Hawkesby, acknowledged the challenges of policymaking at a Wellington research conference on Thursday, a day after Governor Adrian Orr's sudden resignation.

• The risk-sensitive Kiwi and Australian dollar benefitted,   touching a one week high.

• At GMT 06:47, The Kiwi dollar  was last  trading up  0.15% to $0.5734 against greenback.

•  Immediate resistance is located at 0.5744(61.8%fib), any close above will push the pair towards 0.5781(Higher BB ).

•  Support is seen at 0.5689 (50%fib) and break below could take the pair towards 0.5628 (38.2%fib).

 Recommendation: Good to sell around 0.5740, with stop loss of 0.5800 and target price of 0.5650