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Kiwi is seen modestly outperforming at.........>

KIWI
KIWI: Kiwi is seen modestly outperforming at writing, with NZD/USD last 11 pips
better off at $0.6765.
- NZ m'fing activity slid into negative territory during Q4, printing at -0.5%
Q/Q vs. the prev. +1.8%. Stronger than expected building construction work put
into place provided support.
- On Thursday, the pair shed 15 pips amid broader USD strength, after advancing
during Asia-Pac trade on the back of comments re: fiscal stimulus from the
Chinese FinMin.
- Bulls keep an eye on the 100-DMA at $0.6777 and a break above would shift
their focus to the 50-DMA at $0.6799. Meanwhile, bears look to the 200-DMA &
Thursday's low/lower 1.0% 10-DMA envelope at $0.6745/44. A fall through that
level would open up the Feb 12 low of $0.6720.
- There are no more NZ data releases scheduled for today, but Chinese trade
balance will likely attract attention.

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