FxWirePro: NZD/USD slides further as outlook continues to deteriorate

• NZD/USD   eased on Tuesday as the ongoing energy crisis continues to weigh on global risk sentiment and commodity-linked currencies.

• Rising energy prices are fuelling inflation concerns and tightening financial conditions, which has pressured the New Zealand dollar.

• New Zealand Finance Minister Nicola Willis warned that inflation could peak “much higher” than previously expected if geopolitical tensions persist. This has raised concerns that the central bank may need to maintain tighter policy for longer, potentially slowing economic growth.

• Geopolitical risks remain a key driver, with Donald Trump renewing his ultimatum while Iran dismissed U.S. proposals as unrealistic.

• Technically, the pair has slipped below the crucial 0.5737 support level, signalling increased downside momentum.

•  Immediate resistance is located at 0.5737(38.2%fib)., any close above will push the pair towards 0.5834((50%fib).).

•Support is seen at 0.5670(Lower BB) and break below could take the pair towards 0.5614(23.6%fib).

 Recommendation: Good to sell around 0.5720 with stop loss of 0.5780 and target price of 0.5660