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Chart - Courtesy Trading View
NZD/USD was trading 0.78% higher on the day at 0.6141 at around 09:50 GMT, extends gains for the 4th straight session.
The pair has ignored Doji formation in the previous session's candle, edged higher amind modest US dollar weakness.
The US Dollar under renewed selling pressure amid rising bets for a less aggressive policy tightening by the Fed.
Fed fund futures are now pricing in a 91% chance of a 50 bps rate hike at the next FOMC meeting in December.
Technical bias for the pair is biased higher. Momentum is bullish, volatility is high and rising.
Price action is above cloud, Chikou span is biased higher. 200-DMA at 0.6315 in sight, weakness only below daily cloud.
