*CORRECT* KIWI: NZD/USD slips after ANZ........>

KIWI: *CORRECT* KIWI: NZD/USD slips after ANZ reported a decline in business

confidence in New Zealand. The headline index fell to -44.3 from the prior

-38.1. Also worth noting that China published its official PMI tallies at the

same time as ANZ released their survey. A minor beat in China's m'fing PMI was

coupled with a slight miss in the non-m'fing index.

- NZD/USD has shed 16 pips so far and sits at $0.6598 at typing. The rate broke

under the channel support/psychological barrier at $0.6606/00, hitting a new

three-week low. Bears turn focus to the lower Bollinger band (2%) at $0.6569; a

move through that level would support their case, suggesting a continuation of

the downtrend. Bulls look to recover the breached levels before targeting the

50-DMA at $0.6627.