Kiwi outperformed overnight after the..........>

KIWI: Kiwi outperformed overnight after the release of better-than-expected

BusinessNZ Manufacturing PMI data. NZD remains top of G10 at the European

crossover and holds toward the upper end of its $0.6823-52 range. The $0.6850/55

level is expected to provide resistance having previously registered a series of

highs, a break opens a move toward the triple-top area at $0.6900/05.

- NZDJPY improved to Y75.55, before meeting resistance from the Feb 25 high &

76.4% fibo of Y78.86-69.14.

- EURNZD topped out at NZ$1.66 yesterday with the downtrend extending to

NZ$1.6517. Expect support on approach to NZ$1.6500/05 which holds the 50%

retracement of NZ$1.6406-1.6600, below here opens the Mar 12 high & 61.8% fibo

at NZ$1.6490/80.