Terms of trade cited. Sees 2016 growth pickup.

The NZDUSD moved lower then spiked back higher as the market does not see another cut in the statement. It remains above the 100 hour MA at the 0.6662 level. The high price extend to 0.6729. The low traded to 0.6569 in the moments after the cut.

I get the feeling the market is not too anxious to get involved and may be a little surprised as to the market reaction.