AUD/NZD has added 5 pips and last.......>

AUSSIE-KIWI: AUD/NZD has added 5 pips and last deals at NZ$1.0418 after closing

virtually unchanged Monday, as both Antipodean currencies were supported by

developments in Sino-U.S. trade relations.

- Worth mentioning RBNZ Dep Gov Bascand spoke today, said that the plan to

increase bank capital requirements could reduce the cost of borrowing for the

government. Bascand also denied that the new rules would impair economic growth.

Muted/no reaction to Bascand's speech noted in the FX space.

- Bulls look to retake NZ$1.0431, which capped yesterday's gains, before

challenging the 21-DMA, which is located a further 30 pips above. Conversely,

bears need a fall below the psychological NZ$1.0400 figure before targeting

yesterday's low of NZ$1.0393.