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FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
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- 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
