• NZD/USD +0.1% Mon as RBNZ rate hike bets continue to firm

• Futures pricing now implies 86.9% probability of 25 bps RBNZ hike Oct 28

• NZD clear above 0.5637 21-DMA for first time in seven weeks

• Further topside consolidation likely, pair may push toward 0.5780 zone

• NZ Sep trade balance -1.97 bln, prior month revised to -1.54 bln

• Critical NZ Q3 CPI update due Thur (prior +1.5% q/q, +4.1% y/y)

• Range NZ 0.56545-63, support 0.5566 0.5485, resistance 0.5650 0.5995 0.6012
NZD Daily 21/55/100-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)