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FxWirePro: NZD/USD slips as Trump's focus shifts to China tariffs

• 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

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