The market knew what was coming but nevertheless insisted on buying the NZD in the two days leading up to the meeting. Governor Bollard said he’s in no hurry to raise rates, no surprise there, and the NZD/USD falls 100 pips and is hanging around it’s lows. NZD/USD could easily fall another 100 before it meets any type of meaningful technical support, a moderately bullish trend channel with parameters now at .6865 and .7105. Edges please.