• NZD/USD firmed on Thursday as stronger commodity prices and slightly weaker greenback supported kiwi dollar.
•Meanwhile, investors returning from holidays cautiously watched for a recovery in China's economy, New Zealand's top trading partner.
• In his New Year's address on Tuesday, Xi Jinping of China announced that the country would adopt more proactive policies to boost growth in 2025.
•The kiwi posted an 11.4% decline last year, its weakest performance since 2015. On Thursday, it rose 0.34% to $0.5612.
• Immediate resistance is located at 0.5648(Dec 31st high), any close above will push the pair towards 0.5662(38.2%fib).
• Support is seen at 0.5591(23.6%fib) and break below could take the pair towards 0.5531(Lower BB).
Recommendation: Good to sell around 0.5650, with stop loss of 0.5740 and target price of 0.5550
