NZD tumbled across the G10 currency board......>

KIWI: NZD tumbled across the G10 currency board after the release of NZ CPI,

which missed market forecasts both on the Q/Q and Y/Y basis. Q/Q CPI held steady

at +0.1% vs. exp. of +0.3%, while its Y/Y counterpart decelerated to +1.5% from

+1.9% vs. exp. of +1.7%. Also worth mentioning the prints missed the RBNZ's

forecasts. The Bank was looking for Q1 CPI of +0.2% Q/Q and +1.6% Y/Y.

- NZD/USD last $0.6693, 70 pips worse off, after breaching its 200-DMA at

$0.6733 and monthly low of $0.6714. The initial layer of support is now provided

by the lower 1.0% 10-DMA envelope at $0.6677 & below here opens the Jan 2 low of

$0.6652. Bulls look to retake the aforementioned monthly low & 200-DMA.

- AUD/USD last sits at NZ$1.0680, 70 pips higher on the day, with the rate

consolidating above its 200-DMA at NZ$1.0683 after touching a fresh YTD high in

reaction to the data. Bulls look to the psychological NZ$1.0700 level, followed

by the aforementioned YTD peak, located at NZ$1.0732. Meanwhile, a clean break

below the 200-DMA would bring the Jan 21 high of NZ$1.0670 into play.

- NZ focus turns to Chinese data due at 0300BST, as well as the RBNZ's sectoral

factor CPI due at 0400BST.