• NZD/USD retracing from three-week highs hit yesterday, in response to RBNZ Governor Wheeler’s hawkish comments. 
   
• Data released earlier today showed New Zealand trade balance data showed that the deficit expanded more than expected.
   
• Weakness in the oil prices also collaborated to downbeat sentiment around the resource-linked NZD.
   
• The pair remains capped below the 0.73 handle, trades with a neutral bias.
   
• Strong support is seen by 10-DMA at 0.7216, break below will see test of 20-DMA at 0.72 levels.
   
• On the flipside, the pair finds major resistance by trendline at 0.7350, break above needed for upside.