NZD remains top of G10 with gains of 0.38%.....>

KIWI: NZD remains top of G10 with gains of 0.38% against the dollar. Kiwi

received a boost overnight following strong NZ trade balance data and positive

comments from RBNZ Governor Orr on the economy.

- NZDUSD extends gains into Europe and holds toward the peak of its $0.6617-51

range with next resistance seen at $0.6679 which represents the 38.2%

retracement of the April range $0.6838-0.6580. Above here opens a run at the

$0.67 level, ahead of the 21 & 200-dma's at $0.6723/28.

- AUDNZD extended its corrective pullback off last week's multi-month highs to

NZ$1.0565. Expect key support at NZ$1.0508 from the 50% retracement of

NZ$1.0283-1.0732, ahead of the 100-dma at NZ$1.0492.

- NZDJPY improved through the 50% fibo of the Dec - Jan fall to Y74.26. A

topside break of the Apr 23 high at Y74.83 brings the 200 & 100-dma's back into

view at Y75.01/18.