Decision at 2000 GMT/4 PM ET
As the dollar rises and now correcting off the lows, the RBNZ is getting ready to make their statement at 4 PM. The rise in the dollar has sent the NZDUSD lower to test the 38.2% retracement at the 0.6644. A move below it will look to the key 100 day MA at the 0.6597 level. Below that the 50% at 0.6566 will be targeted.
If there is a surprise to the upside (not expected at all). the 0.6696 is topside resistance followed by 0.6734-48. I would expect sellers against the levels if there is a rally.
