• 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
