NZD/USD added 15 pips overnight and last.......>

KIWI: NZD/USD added 15 pips overnight and last sits at $0.6845, as kiwi leads

gains among the G10 currencies, despite being limited by AUD weakness in early

Asia-Pac trade. Worth mentioning New Zealand registered a wider than exp. trade

surplus in December, against November's NZ$955mn deficit. 

- Initial resistance noted at the upper 1.0% 10-DMA envelope at $0.6851 and a

clean break above would shift bullish focus to yesterday's peak at $0.6872.

Meanwhile, bears eye the Jan 15 low of $0.6800, just above the 55-DMA/50-DMA at

$0.6798/95. 

- NZ focus during the remainder of this week will fall on the top-level

Sino-U.S. trade talks, due to commence Wednesday. As a reminder, WSJ reported

lack of progress on some of the key matters surrounding the talks, while the

Huawei case will only complicate the negotiations.