Morning traders, overnight the RBNZ delivered its 50bps but the forward guidance was more balanced than the dovish we would have wanted, it delays the path for AUDNZD to reach the target but won't change the overall trend, the pair is still likely going to continue the grind higher medium term with the China boost and the hawkish RBA Other than that we continue to have our interest on USD longs for the week, US yields are still firmly up which is the main reason why we expect Dollar strength to continue, the market is gearing for higher US rates and a couple of extra hikes from the FED which will allow the USD to stay supported over the next couple of weeks, any rally into resistance on EURUSD and we will go short