• NZD/USD +1.6% wtd as global risk sentiment improves post-NZ election

• NZ Prime Minister Luxon on target to retain power with reduced majority

• Preliminary election result reduces risk of RBNZ reverting to dual mandate

• NZ Oct electronic card retail sales due Thur (prior -0.4% m/m, +0.9% y/y)

• WTI -4.9% to $86.38 a barrel after Trump flagged restraint on Iran

• USD index -0.6%, while Nasdaq jumped 2.7% despite Nvidia dropping 4.6%

• Futures pricing now implies 83.8% probability of Fed rate hike on Dec 9

• Range NZ 0.56211-375, support 0.5485, resistance 0.5710 0.5995 0.6012
DXY Daily 55/100/200-DMA


NZD Daily 21/55/100-DMA

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