Sforex
Short

Kiwi: RBNZ Meeting : COuld it be a rate cut ?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
125 0 3
Last week, NZ             CPI             sank to 0.1% : the lowest number since 2009             . this post a great threat to New Zealand and RBNZ.

The recovery of NZDUSD             last week is just technical, you see it bounced from 38.2% Fib retracement at 0.6550

Here is my view: RBNZ will cut rate or at least more dovish and drives Kiwi back to the downtrend.
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