• NZD/USD slipped lower on Friday as U.S. President Trump's tariffs raised concerns about a global growth slowdown, prompting investors to shy away from riskier assets like the kiwi dollar.
• Trump's tariffs continued to hit equity markets, sparking fears of a global recession, which is bad news for Antipodean economies reliant on commodity exports for growth.
•Meanwhile,investors are closely monitoring the upcoming Reserve Bank of New Zealand (RBNZ) monetary policy decision, which is set to be announced on April 9.
• Market participants are particularly focused on whether the central bank will continue its current approach to interest rates or adjust its policy stance. .
• At GMT 06:26, The New Zealand dollar was last trading down 1.33% to $0.5717
• Immediate resistance is located at 0.5760(38.2%fib), any close above will push the pair towards 0.5827(23.6%fib).
• Support is seen at 0.5679 (38.2%fib) and break below could take the pair towards 0.5642(Lower BB).
Recommendation: Good to sell around 0.5720, with stop loss of 0.5800 and target price of 0.5670
