NZD has had little reaction to comments from...>

KIWI: NZD has had little reaction to comments from NZ FinMin Robertson who noted

that he expects growth to pick up in second half, while he expects CPI to rise

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

investment will hold up despite 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 ~$0.6340. 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).

- AUD/NZD last at ~NZ$1.0890. Failure to trouble the key NZ$1.1006 resistance

continues to result in dips back to NZ$1.0853-57 where 55 & 200-DMAs are

situated. Bears now need a close below the July 06 low (NZ$1.0853) to confirm

traction below the 55 & 200-DMAs. Initial resistance remains at the July 19 high

(NZ$1.0945).