• NZD/USD firmed on Monday as greenback weakened as investors unnerved by U.S. President Donald Trump's latest tariff threats against Europe over Greenland
•Trump said over the weekend he would impose an additional 10% import tariff from February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Britain, until the United States is allowed to buy Greenland.
• Major European Union states decried the tariff threats over Greenland as blackmail on Sunday, with France proposing to respondwith a range of previously untested economic countermeasures.
• Meanwhile, investors continued to evaluate when the Reserve Bank of New Zealand might raise interest rates, as recent data signaled strengthening economic momentum.
• Traders are implying more than a 50% probability of a rate increase in September, with a move fully priced in by October
• Immediate resistance is located at 0.5777(SMA 20), any close above will push the pair towards 0.5797(38.2%fib).
•Support is seen at 0.5733 (38.2%fib) and break below could take the pair towards 0.5715(Lower BB).
Recommendation: Good to buy around 0.5750 with stop loss of 0.5650 and target price of 0.5830
