The recent fundamentals has put the NZD in line for a rate cut. The NFP report for the USD on Friday came in a little lower than expected but the unemployment rate dropped and new jobs created reached back above 200K. I would expect the past weakness in the USD to dissolve against weaker currencies such as the NZD. The market has opened lower but I will still wait for a pull back to atleast the 38% FIb retracement and look to sell this down to the RBNZ price limit of 6500. Volatility on Tuesday night might give us what we need....