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Edging a little lower in fairly subdued........>

KIWI
KIWI: Edging a little lower in fairly subdued trading, the rate easing from
around $0.6880 to $0.6859. Stronger US dollar and uncertainty regarding the new
government's policies, continues to see the flightless bird trade defensively.
The highlight this week is on NZ jobs report, where unemployment rate is
expected to nudge a little lower to 4.7% against 4.8% in Q2 and average hourly
earnings is expected to rise 1.1% from 0.8% also in Q2. Initial support lies at
$0.6818 (Oct27 low), a break to expose $0.6707 (6-week bear-channel), while
hourly resistance lies at $0.6888. Kiwi was last at $0.6865 

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