FxWirePro: NZD/USD retreats slightly but trend is still bullish

• The New Zealand dollar eased on Thursday as investors awaited the outcome of the U.S.-China trade talks this weekend .

•U.S. Treasury Secretary Scott Bessent will meet China's top economic official on May 10 in Switzerland to negotiate a trade war that's impacting the global economy.

• Trump stated that China initiated the upcoming senior-level trade talks and made it clear he wasn't willing to reduce import tariffs on Chinese goods to bring Beijing to the table.

• Trump’s comments   fueled investor optimism as markets await Saturday's U.S.-China trade talks, potentially marking the first step toward resolving the trade war between the two largest economies.

• Trump's trade war has disrupted financial markets, sparked recession fears, and created uncertainty for central bankers and business leaders, affecting global supply chains and various industries.

•  Immediate resistance is located at 0.6016(23.6%fib), any close above will push the pair towards 0.6047 (Higher BB).

•  Support is seen at 0.5928 (38.2%fib) and break below could take the pair towards 0.5851(50%fib).

 Recommendation: Good to buy around 0.5920 with stop loss of 0.5850 and target price of 0.6000