• NZD/USD declined on Thursday as the U.S. dollar strengthened, driven by Trump’s vague tariff promises on Europe and delays on Canada and Mexico, which fueled uncertainty.
•Heavily reliant on resource exports, kiwi dollar is particularly vulnerable to the risks of a global trade war.
•On the data front, New Zealand's business confidence improved in February, indicating the economy is on a recovery path, according to an ANZ Bank survey released Thursday.
• The survey's headline measure showed that 58.4% of respondents expected the economy to improve over the next year, up from 54.4% in the January.
• At GMT 06:13, The kiwi dollar was last trading down 0.21% to $0.5681 .
• Immediate resistance is located at 0.5730(50%fib), any close above will push the pair towards 0.5769(Feb 21st high).
• Support is seen at 0.5652 (38.2%fib) and break below could take the pair towards 0.5611 (Lower BB).
Recommendation: Good to sell around 0.5690 with stop loss of 0.5750 and target price of 0.5600
