- NZD/USD likely to consolidate into RBNZ due to lack of bear follow through today
- No major US data to drive USD side of equation so consolidation due
- 10-DMA capped recently, may repeat, above 0.72 eases short-term bear pressure
- RSIs need to unwind oversold & market gives less than 50% chance of RBNZ cut
- If RBNZ cuts bears will charge and May 2010 low then targeted


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