BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
New Zealand dollar struggled for traction early in the Asian session, having skidded nearly 3 percent last week.
- NZD/USD was rejected at 0.6300 levels and fell further, currently languishing near multi-year troughs at 0.6263 levels.
- Market participants brace for RBNZ monetary policy announcement and crucial China trade and CPI data later this week
- With a 25bp cut to official rates priced into the market, investors await RBNZ's quarterly policy statement to see if more cuts would be in store before year-end
- NZD/USD is currently trading at 0.6264, with immediate resistance at 0.6337 (Hourly high Sep 4) and support at 0.6200 (2015 Low Aug 24)
Resistance Levels:
R1: 0.6337 (Hourly high Sep 4)
R2: 0.6375 (10 DMA)
R3: 0.6388 (Daily Tenkan-Sen)
Support Levels:
S1: 0.6200 (2015 Low Aug 24)
S2: 0.6151 (Daily Low Jun 8 2009)
S3: 0.6130 (Daily High May 11 2009)
