• Persistent risk-on trades and recovery in oil prices fuel appetite for risk/higher-yielding assets such as the Kiwi.
   
• NZD/USD reversed a temporary slide seen yesterday and resumed the ongoing bullish streak.
   
• On the 2-hourly charts the pair has taken strong trendline support and edged higher.
   
• Technical indicators support upside in the pair. We see a bullish 5-MA crossover on 10-MA. Stochs and RSI are biased higher.
   
• Supports on the downside are seen at 0.7241 (2H 5-MA), 0.7225 (rising trendline). Strong resistance is seen at 0.73.
   
• We recommend going long on dips around 0.7250, SL: 0.7220, TP: 0.73
   
• Any breakout above 0.73 can see further upside. We had advised a long earlier (http://www.econotimes.com/FxWirePro-NZD-USD-consolidates-near-multi-month-highs-upside-bias-intact-233865). 
   
• Fed speaks followed by RBNZ Assistant Governor’s speech along with Chinese trade and GDP numbers due later this week will influence the pair.