FxWirePro: NZD/USD hovers near 0.5600,outlook strongly bearish

• NZD/USD dipped on Thursday as investors await a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping.

•China, New Zealand’s biggest export market, is in focus as President Xi meets President Trump at the White House on Thursday, with the ceremony plan detailing 479 military personnel.

•The incoming headline will influence sentiment surrounding antipodean currencies, including the Kiwi, and provide some impetus.

•. Brent crude futures fell 92 cents, or 0.9%, to $102.16 a barrel at ​0400 GMT, while West Texas Intermediate futures eased 77 cents, or 0.8%, to $91.39.

• The probability of an October hike from the Reserve Bank of New Zealand has climbed to 87%, from 20% a couple of weeks ago.

•  Immediate resistance is located at 0.5724(38.2%fib), any close above will push the pair towards 0.5752(Sep22nd high)

•  Support is seen at 0.5657(Lower BB) and break below could take the pair towards 0.5631(23.6%fib).

 Recommendation: Good to sell  around 0.5700 with stop loss of 0.5760 and target price of 0.5650