NZD underperformed across G10 o/n after the....>

KIWI: NZD underperformed across G10 o/n after the RBNZ added to the dovish

central banks and said the more likely direction of the next rate move is down.

- NZDUSD dropped over 1.5% through the 50 & 100-dma's to react lows of $0.6796

and retains a heavy tone into Europe. Near-term support is seen at $0.6762 which

represents the 38.2% retracement of $0.6425-0.6970, with a break here needed to

open the $0.6745/55 area which registered a series of previous lows.

- NZDJPY touched pullback lows of Y75.08, before finding support from the

200-dma. A downside break of Y75.00 opens the Feb 22 low at Y74.83.

- AUDNZD spiked through NZ$1.04, before topping out around the 55-dma. The 50%

fibo of NZ$1.0670-1.0276 provides the next target for bulls at NZ$1.0473, a

break opens the double top resistance area at NZ$1.0490.

- EURNZD spiked off multi-month lows of NZ$1.6295 back through NZ$1.65 to

NZ$1.6564. Down trendline resistance off the Jan 10 high comes in today at

NZ$1.6585, above here opens a run at the 100-dma at NZ$1.6684.

- NZDCAD moved back under broken trendline resistance-turned-support to

C$0.9102, and brings the 100-dma back into view at C$0.9069.