•NZD/USD edged higher on Tuesday, but gains were limited as markets closely monitored developments in U.S. President Donald Trump's tariff plans.
•Market sentiment soured after Trump issued a memorandum directing a key government committee to limit Chinese investment in strategic American sectors such as tech and energy.
•The U.S. president also confirmed that tariffs set to impact Canada and Mexico next month are on time and moving along very rapidly after an initial delay.
• Domestically, attention is on the future direction of interest rates after Reserve Bank of New Zealand implemented rate cuts last week.
• At GMT 06:22, The kiwi dollar was last trading up 0.08% to $0.5737. .
• Immediate resistance is located at 0.5779(38.2%fib), any close above will push the pair towards 0.5789(Higher BB).
• Support is seen at 0.5718(50%fib) and break below could take the pair towards 0.5660(61.8%fib).
Recommendation: Good to buy around 0.5710 with stop loss of 0.5650 and target price of 0.5760
