• The NZD/USD dipped on Wednesday as dollar firmed ahead of U.S. Federal Reserve rate decision.
•U.S. dollar gained against major currencies following better-than-expected retail sales data that showed underlying economic momentum
•Looking ahead, market attention will be on the Fed, particularly its outlook for next year, with markets expecting a 25-basis-point rate cut on Wednesday.
• On the data front, New Zealand's third-quarter GDP data, set for release on Thursday, with another contraction expected.
•At GMT 06:13 ,the kiwi dollar was down 0.19% at 0.5742 against greenback .
• Immediate resistance is located at 0.5806(38.2%fib), any close above will push the pair towards 0.5872(50%fib).
• Support is seen at 0.5731 (23.6%fib) and break below could take the pair towards 0.5707(Lower BB).
Recommendation: Good to sell around 0.5750, with stop loss of 0.5790 and target price of 0.5700
