Forex Flash: NZD caution expected ahead of RBNZ - Westpac (San Francisco) - The NZD/USD is moving horizontally above the 0.8100 figure this Wednesday in Asia, last at 0.8125 -capped by a 50% Fibonacci level (0.8135), and supported by the 100-day EMA (0.8098), and the pairing should continue to trade with caution ahead of Thursday’s RBNZ meeting, when policy is expected to remain on hold. “A steady hand at 2.5% is assured but the tone of new governor Graeme Wheeler’s statement will be of interest,” says the Westpac Global Strategy Group. “Markets are placing a 50% probability on a Dec rate cut, a stance at risk of being too dovish in our view.”