• NZD/USD edges higher from session lows at 0.7050 on short covering rally after the recent sell-off.
   
• Broad-based US dollar weakness ahead of the FOMC minutes, also lends support.
   
• Upside capped shy of 0.71 handle, we could see some consolidation at current levels.
   
• Focus remains on the Fed speaks and FOMC meeting minutes for further momentum on the pair.
   
• Major support levels - 0.7026 (trendline), 0.70, 0.6969 (June 16 and 24 low) 
   
• Major resistance levels - 0.7119 (5-DMA), 0.7158 (100-DMA), 0.7187 (cloud base), 0.72 
   
• Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-breaks-below-100-DMA-support-good-to-sell-rallies-337955) has achieved TP1.
   
• Recommend booking partial profits, lower trailing stops to 0.7120, hold for targets.