Data aside, the Kiwi moved north in a on the weekly chart (with some false breaks on the ). This channel has now been blatantly broken to the downside- as has support from within the channel, at which point we are now testing as resistance. This move has formed a 5-O , which would come in successful should it follow a decision. Remember, the consensus of 1.75% has already been priced into the market. The market will flow naturally from here-on, unless consensus is not met. I do not normally enter before a decision is made, however, this set up will only turn aggressively should the rate be risen.
Here are previous examples where price has either consolidated around or bounced form the support/resistance zone. I expect today to be no different.