FxWirePro: NZD/USD maintains bullish bias with focus on 0.6100 level

• NZD/USD firmed on Wednesday as uncertainty over U.S. tariffs pressured the dollar.

•The U.S. Supreme Court on Friday struck down Trump's emergency tariffs, prompting the president to pledge a new 15% levy on U.S. imports from all countries.

• The U.S. began collecting a temporary 10% global import tariff Tuesday and is working to raise it to 15%, adding to confusion over Trump’s trade policy following last week’s Supreme Court setback.

•Meanwhile,Financial markets showed little reaction   U.S. President Donald Trumps   State of the Union speech.

•  The technical outlook remains bullish and points to eventual bigger gains, Fourteen-day momentum is positive, reinforcing the scope for a bigger gains  .
 
•  Immediate resistance is located at 0.5998(38.2%fib), any close above will push the pair towards 0.6017(SMA 20).

• Support is seen at 0.5998 (Daily low) and break below could take the pair towards 0.5917(50%fib).

 Recommendation: Good to buy  around 0.5970 with stop loss of 0.5900 and target price of 0.6100