FxWirePro: NZD/USD sustains gains as uptrend remains strong

• NZD/USD rose on Thursday  as risk sentiment improved after U.S. President Donald Trump dropped tariff threats and ruled out seizing Greenland from an ally by force..

• Trump said after meeting NATO chief Mark Rutte that Western Arctic allies could strike a new Greenland deal to meet his goals on missile defense and critical minerals access..

•   Trump did not give details of the framework, and it was unclear what the agreement entails..

• Meanwhile, the New Zealand Consumer Price Index (CPI) inflation report is expected to take center stage later on Friday, as investors look for fresh signals on the country’s inflation trend and policy outlook.

• The headline CPI for New Zealand is forecast to rise 0.5% quarter-on-quarter (Q4), with the annual CPI expected to increase 3.0% over the same period.

•  Immediate resistance is located at 0.5882(Higher BB), any close above will push the pair towards 0.5903(Higher BB).

•Support is seen at 0.5821 (38.2%fib) and break below could take the pair towards 0.5789(SMA20).

 Recommendation: Good to buy  around 0.5860 with stop loss of 0.5800 and target price of 0.5920