NZDUSD traders prepare for RBNZ rate decision and place the pair between 100/200 day MAs ...Middle East

The NZDUSD has been trending lower over the last 7 days of trading. That has helped to push the price down from a high of 0.6378 to a low of 0.6106 today. That is 272 pips in 7 trading days, which is a pretty good move.Today there is some up and down stall. Why?The RBNZ will meet and announce its interest rate decision tomorrow in NZ (at 9 PM ET). The expectation is for a 50 basis point cut after a 25 basis point cut at the last meeting. Lower inflation is the catalyst. The stall here can be traders awaiting the the decision and the comments from the central bank on rates going forward.The other stall reason is that the price has moved back to test the 50% midpoint of the move up from the

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