• NZD/USD rose to 5 -month on Tuesday as concerns over U.S. President Donald Trump's criticism of Federal Reserve Chair Jerome Powell drove investors away from US dollar.
• On Monday, Trump renewed his call for immediate rate cuts, warning of a potential economic slowdown and criticizing Powell’s wait-and-see approach on inflation from tariff policies
• Markets are closely watching for upcoming speeches from several Federal Reserve officials this week, seeking clues on future monetary policy amid rising concerns over the central bank’s independence.
• Markets continue to fully price in a 25 basis point rate cut by the Reserve Bank of New Zealand in May, with expectations for the cash rate to fall from 3.5% to 2.75% by year-end..
• At GMT 05:36, The New Zealand's dollar was last trading up 0.22% to $0.6010
• Immediate resistance is located at 0.6029 (23.6%fib), any close above will push the pair towards 0.6060 (Higher BB).
• Support is seen at 0.5979 (Daily low) and break below could take the pair towards 0.5939 (38. 2%fib).
Recommendation: Good to buy around 0.5900 with stop loss of 0.5860 and target price of 0.6100
