RBNZ interest rate decision is scheduled for Thursday and majority of analysts expect a 25 basis point rate cut. New Zealand economy have shown signs of slowdown and as a result CPI failed to go up and higher New Zealand Dollar is hurting export sector. Keeping this in mind I am expecting a rate cut and dovish tone from RBNZ.

From technical perspective, 0.7300 level remain a valid resistance level, whereas on the downside 0.6970 level is providing support for now. So the best option would be to look for trade opportunities around these levels.
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