NZD has been resolute in comparison to the.....>

KIWI: NZD has been resolute in comparison to the AUD, drawing support from the

AUD/NZD cross, and had little reaction to comments from NZ FinMin Robertson who

noted that he expects growth to pick up in H218, while he expects CPI to rise to

2% over time as wage inflation picks up. Robertson also believes that investment

will hold up despite the recent confidence slump. On the central bank front he

suggested that the RBNZ's new policy committee could go into play in Q219.

- NZD/USD last ~$0.6840. Immediate resistance is noted at the Bollinger band top

($0.6854), followed by the July 09 high ($0.6858), with a break opening up a

move to the 55-DMA ($0.6882). Downside interest can be found at hourly support

($0.6821), followed by Tuesday's low ($0.6769).

- Participants look to Friday's ANZ consumer confidence release as the next

domestic point of interest, followed by next week's NZ labour market report.

- Nearby notable FX option expiries of note at today's 10 AM NY cut:

$0.6800(N$1.76bn)