• NZD/USD eased on Wednesday after U.S. President Donald Trump on Tuesday vowed to hit 10% punitive duty on Chinese imports.
•The NZD/USD dropped from a high of 0.5682 to 0.5653 as the renewed tariff threats amplify market volatility.
• The pair is holding near today's high, but repeated failures to push above 50%fib resistance is discouraging longs.
• At (GMT 05:54) Kiwi dollar was trading at down 0.35% to 0.5661 against the U.S. dollar.
• Immediate resistance is located at 0.5692(50%fib), any close above will push the pair towards 0.5750(61.8%fib).
•Support is seen at 0.5632(38.2%fib) and break below could take the pair towards 0.5562(23.6%fib).
Recommendation: Good to sell around 0.5680 with stop loss of 0.5760 and target price of 0.5600
