NZD remains top of G10 benefitting from the....>

KIWI: NZD remains top of G10 benefitting from the overnight release of strong

trade data which saw the headline number beat expectations and solid growth for

both imports/exports. NZDUSD registering gains for a 7th consecutive session,

rallied to $0.6653 before fading. Near-term resistance is seen at $0.6680/85

which has produced a series of previous highs, above here opens a run at the 100

& 200-dma's at $0.6700/11.

- AUDNZD touched multi-month lows of NZ$1.0462, near-term support at

NZ$1.0452-54 from a series of previous highs.

- NZDCAD rallied to C$0.8770 before stalling ahead of the 21-dma (C$0.8776).

Bulls target a break above C$0.88, before challenging down trendline resistance

off the Mar 25 high & 50-dma at C$0.8822/30.

- Focus turns to the RBNZ tomorrow morning (0200GMT), no changes are expected to

the cash rate with most analysts calling for an easing bias and 25 bps cut to

the OCR in August.