FxWirePro: NZD/USD bulls loosen their grip a bit, dips to be bought

• NZD/USD traded near two month high  on Thursday as   investors assessed  U.S. President Donald Trump's tariff threats.

• The threat of additional import duties from Trump continued to weigh on markets, but traders are beginning to realize that his second term has largely been filled with bluster on tariffs.

• Market players were also evaluating Trump’s comments that  it's possible for the U.S. and China to reach a new trade deal.

• China is New Zealand’s biggest export market and a trade war between China and the United States could crimp the New Zealand’s economy and demand for resources.

•  At GMT 06:36, The kiwi dollar  was last  trading down 0.05% to $0.5759.  .                  
 
•  Immediate resistance is located at 0.5756(38.2%fib), any close above will push the pair towards 0.5795(Dec17th high).

•  Support is seen at 0.5686(50%fib) and break below could take the pair towards 0.5647 (Jan 23rd low).

 Recommendation: Good to buy around 0.5740 with stop loss of 0.5680 and target price of 0.5800