• NZD/USD edged lower on Tuesday as risk aversion griped markets, driven by Trump policy uncertainty, and escalating geopolitical concerns.
• Investors remain cautious amid growing fears of tariff-induced inflation and a potential U.S. recession, further dampening sentiment.
• Market focus now shifts to the U.S. Core CPI (Feb) report on Wednesday, which will be crucial ahead of the March 19 Fed rate decision.
• At GMT 05:38, The Kiwi dollar was last trading down 0.35% to $0.5727 against greenback.
• Immediate resistance is located at 0.5728(50%fib), any close above will push the pair towards 0.5782(Higher BB ).
• Support is seen at 0.5653(38.2%fib) and break below could take the pair towards 0.5609 (Lower BB).
Recommendation: Good to buy around 0.5680, with stop loss of 0.5600 and target price of 0.5760
