FxWirePro: NZD/USD retraces from session lows at 0.7273, retakes 0.73 handle

• Increased prospects of Trump victory triggered major risk aversion across markets weighing on high-yielding currencies.
   
• NZD/USD was down around 1.6%, hit session lows at 0.7273.
   
• The pair has since recovered to retake the 0.73 handle.
   
• USD is likely to stay depressed as Fed likely to be cautious in the event of Trump victory.
   
• RBNZ meeting will be another catalyst for the pair.
   
• Failure by the central bank to maintain an explicit easing bias could see spike in NZD.
   
• Techs favour upside in the pair despite intraday weakness.
   
• We would prefer to pick NZD/USD for long on dips. 
   
• Bearish reversal only on break below 20-DMA at 0.72 levels.
   

Recommendation: Good to go long on dips around 0.7260, SL: 0.7180, TP: 0.73/ 0.7345/ 0.74