NZD/USD extends decline, down 1% in Asia after RBNZ's 25bps rate cut

C.bank's dovish forward guidance suggests more cuts over coming months

Swaps imply 75% probability of 25 bps Oct cut, 71 bps of easing by year-end

Governor Orr says RBNZ confident that it can commence to renormalize rates

NZD heads towards support at 0.5994, 38.2% of 0.5849-0.6084 rally

Resistance 0.6045-50, Asia range 0.6084-0.60115; focus turns to U.S. CPI

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