There is mixed opinion among analyst, as far as RBNZ interest rate decision is concerned. Some analyst expect another rate cut this month due to weak inflation, while others are expecting no rate cut until next meeting which is scheduled in August, which will give ample time for RBNZ to assess upcoming economic data looking for signs of any improvement both in inflation and economic growth.

From technical perspective 0.7050 would be a good level to look for short opportunities with likely target around 0.6840.

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