expected a reduction in Official Cash Rate, leading to initial gains for the NZD/USD pair during North American trading hours on Wednesday. However, the pair surrendered most of these gains and settled around 0.5950. This was influenced by the US Dollar’s rise and hopes for a trade deal between EU and US. The pair is currently attempting to break the Bullish Flag formation, with a bullish near-term trend indicated by the 20-day Exponential Moving Average (EMA). Furthermore, the 14-day Relative Strength Index (RSI) breaking above 60.00 indicates potential for further upward movement. If it manages to break above the intraday high of 0.6030, the pair could target the September 11 low of 0.6100 and October 9 high of 0.6145. However, a downside movement below the May 12 low of 0.5846 could signal a support test at 0.5800 and 0.5767.