Source: Thomson Reuters
- Market ignores weak commodities & pair above milk auction lows, but chop persists
- NZD/USD holds within March 12 range (US retail sales day), 0.7276 low overnight
- Offers ~0.7330/35 (hourly high, 200-HMA) cap for now
- Fed decision key, if dovish tip NZD/USD likely sees big spike up
- Market still large net-short NZD, test of 0.7400/10 likely, break then eyes ~0.7450
