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FxWirePro: NZD/USD stabilizes after early plunge amid tariff uncertainty

• NZD/USD steadies 0.5563 after an early plunge in Asia as markets awaited further updates on Trump’s tariffs.

• The pair dropped from a high of 0.5628 to 0.5522 as renewed tariff threats fuelled market volatility.

• Markets reduced expectations for Federal Reserve rate cuts following the tariff news, with futures now pricing in a 54% chance of two cuts this year.

• At (GMT 11:58) Kiwi dollar was trading at down  1.40% to 0.5556 against the U.S. dollar. 

•  Immediate resistance is located at 0.5573(38.2%fib), any close above will push the pair towards 0.5592(Daily high).

•Support is seen at 0.5522(23.6%fib) and break below could take the pair towards 0.5500(Psychological level).

 Recommendation: Good to sell around 0.5580 with stop loss of 0.5660 and target price of 0.5500

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