NZD/USD makes fresh low as Trump threatens more tariffs

• The Kiwi kicked lower on reaction against the USD after the White House announced Trump was seeking an additional $100 B in tariffs.
• NFP Friday promises plenty of volatility, and a sour risk mood doesn't bode well heading into Frday.

The NZD/USD knocked lower into 0.7260 following an announcement that US President Trump will be seeking an additional $100 billion in tariffs against the Chinese.

The fall was muted, but market sentiment definitely hesitated and briefly took flight into the safe-haven assets immediately following the White House briefing that outlines the seeking of tariffs on an additional $100 billion worth of Chinese goods. Trump is doubling down on his threatening stance towards China just after broader markets recovered from the week's geopolitical fears.

The early Tokyo session is still liquidity-thin, and time will tell the market's overall reaction, but risk sentiment has been giving a reason to think twice heading into the Non-Farm Payrolls Friday for the US Friday session.

NZD/USD Levels to watch

The technical picture for the Kiwi remains unchanged, and as FXStreet's own Haresh Manghani noted earlier, "any subsequent retracement is likely to find support near the 0.7240 level, below which the pair seems vulnerable to head back towards the 0.7200 handle en-route the very important 200-day SMA support near the 0.7185 region. On the flip side, momentum back above the 0.7300 handle is likely to confront some fresh supply near the 0.7330 level, which if cleared might trigger a short-covering bounce and continue lifting the pair further towards the 0.7400 handle."