FxWirePro: NZD/USD slips as trade war concerns weigh on risk sentiment

• NZD/USD slipped lower on  Friday as growing concerns about the impact of the trade conflict led investors to move away from riskier assets like kiwi dollar.

• Earlier this week, President Trump announced his plan to impose a 25% tariff on imported cars and light trucks, set to take effect on April 3, with a duty on auto parts starting on May 3.

• Investors are   preparing for a wave of reciprocal tariffs that President Trump is set to announce on Wednesday, though he has suggested there may be some flexibility in the approach.

• Looking ahead, investors are keenly awaiting the release of the U.S. Personal Consumption Expenditures (PCE) data on Friday, which will provide key insights into the inflationary trends in the US economy.  

•  At GMT 08:47, The New Zealand  dollar  was last  trading down  0.33% to $0.5720

•  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 0.573 (50%fib) and break below could take the pair towards 0.5663(61.8%fib).

 Recommendation: Good to buy around 0.5680, with stop loss of 0.5600 and target price of 0.5760