• NZD/USD benefitting from weaker sentiment surrounding the greenback on diminishing hopes of a Fed rate hike action on Wednesday
   
• The pair has broken above 20-DMA at 0.7305, we see scope for further gains.
   
• Major trendline support at 0.7260, weakness only on break below.
   
• Markets have priced in OCR on hold at 2.0% at Thursday’s RBNZ meet, with a signal of a rate cut in November. 
   
• Any watering down of this explicit easing signal could likely cause a sharp rise in the NZD.
   
• Techs do not provide a clear directional bias, but some upside seen on intraday charts. Close above 20-DMA could see bullishness.
   
• Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-closes-bearish-gap-but-struggles-at-20-DMA-intraday-bias-higher-306148) is progressing.
   
• We recommend holding for targets.