• NZD/USD trimmed some of early losses on Monday as investors reacted to Trump’s tariff comments on steel and aluminum.
Trump announced he will impose new 25% tariffs on all steel and aluminium imports into the U.S. later on Monday, along with reciprocal tariffs on Tuesday or Wednesday, matching the tariff rates levied by each country.
• Latest tariff move heightens global trade war concerns as China’s retaliatory duties on U.S. goods set to begin.
• Looking ahead, data calendar in New Zealand is light this week until its central bank meeting next Wednesday.
• The technical outlook remains bearish and points to eventual bigger drop, fourteen-day momentum is negative.
• Immediate resistance is located at 0.5662(50%fib), any close above will push the pair towards 0.5725(61.8%fib).
• Support is seen at 0.5898(38.2%fib) and break below could take the pair towards 0.5540(Jan 13th low).
Recommendation: Good to sell around 0.5700 with stop loss of 0.5850 and target price of 0.5620


FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
FxWirePro: AUD/USD firms after RBA governor Bullock comments
FxWirePro- Major Pair levels and bias summary
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: USD/CAD neutral in the near term, scope for further upside
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro: GBP/AUD edges higher but maintains bearish bias
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens 



