NZD traders - An early preview of the RBNZ meeting next week (and where to for the NZD)

Reserve Bank of New Zealand monetary policy announcement is due on 27 September at 2100 GMT

I posted a preview yesterday here: NZD traders - the RBNZ meet next week, no change expected (no way)

An early snippet coming through also now, this via TD overnight, just a quickie but worth a squizz:

• TD expects the OCR to remain at 1.75% next week (as does unanimous consensus)
• the Governor to muse that the next move could be "up or down" as per the August policy assessment
• as well as repeat that "we expect to keep the OCR at this level ... into 2020"

TD on the currency:

• Some reduction in the global risk premium is expected to benefit currencies such as the NZD, though we think AUDNZD is a better expression over the coming weeks.
• As NZDUSD is at our high-frequency fair value, we favour a squeeze in positioning and look for a push towards $US0.68 in the immediate future.