• NZD/USD edged higher on Thursday as the dollar weakened, despite hotter-than-expected U.S. CPI data, with markets closely tracking developments in U.S. President Donald Trump's tariff plans.
•Trump stated he would impose reciprocal tariffs as early as Wednesday evening on any country that levies duties on U.S. imports
• Markets closely monitored U.S. President Donald Trump's tariff plans, which could spark a global trade war, while investors awaited key U.S. data later in the day.
•The U.S. producer price index, due later Thursday, will offer insights into how the Fed's preferred inflation measure, the Personal Consumption Expenditures index, might look on February 28.
• At GMT 06:22, The kiwi dollar was last trading up 0.28% to $0.5657. .
• Immediate resistance is located at 0.5669(50%fib), any close above will push the pair towards 0.5700(61.8%fib).
• Support is seen at 0.5618(38.2%fib) and break below could take the pair towards 0.5591(Lower BB).
Recommendation: Good to buy around 0.5640 with stop loss of 0.5590 and target price of 0.5690
