• NZD/USD -0.5% from Mon 0.5645 high despite Brent crude falling 8%

• Risk sentiment remains pressured by AI trade concerns, Nasdaq down 1.1%

• Markets eyeing U.S. midterm elections with control of Congress at stake

• NZ Q3 jobs data due Wed (prior 5.6% unemployment, +0.5% jobs growth q/q)

• Futures pricing currently implies 73.9% probability of Dec 9 RBNZ hike

• NZD unable to clear 0.5638 21-DMA, pre-NZ election sideways drift continues

• Range NZ 0.5615-274, support 0.5566 0.5485, resistance 0.5995 0.6012
NZD Daily 21/55/100-DMA

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