The market expects to see a rate hike on Wednesday when the RBNZ will meet and this seems to be already priced in the nzd/usd reaching 0.8520. The bad numbers from China and a disappointing NO rate hike on Wednesday could drag nzd/usd back to 61.8% Fibonacci Retracement but after breaking the 78.6% level. Shorting the kiwi at current levels ask for a SL above the 100% Fibonacci level, in the 0.8550 area. However the risk reward is excellent.