• NZD/USD edged higher, but gains were limited as traders remained cautious with Trump repeating tariff threats ahead of the Feb 1 deadline.
• On Thursday, President Trump said he would soon decide whether to exempt Canadian and Mexican oil imports from the 25% tariffs set to begin Saturday.
• Trump also mentioned that he was still considering new tariffs on Chinese goods due to its role in the fentanyl trade.
• At (GMT 06:09) Kiwi dollar was trading at up 0.19% to 0.5646 against the U.S. dollar.
• Immediate resistance is located at 0.5673(38.2%fib), any close above will push the pair towards 0.5720(50%fib).
•Support is seen at 0.5630 (38.2%fib) and break below could take the pair towards 0.5573(23.6%fib).
Recommendation: Good to sell around 0.5660 with stop loss of 0.5700 and target price of 0.5550
