NZD/USD added 23 pips overnight and last.......>

KIWI: NZD/USD added 23 pips overnight and last sits at $0.6845, as it drew

support from the broader risk-on theme & fiscal stimulus in China overnight,

while the PBoC pledged to be more flexible in the implementation of its prudent

MonPol. 

- Markets largely shrugged off the release of the NZIER QSBO & NZ food price

index in Asia-Pac hours. Worth noting the NZIER QSBO revealed that businesses

were less pessimistic in Q418, although the body flagged that suppressed

business sentiment could still be detrimental to NZ economic growth. 

- Bulls look to the Nov 21 high of $0.6854 and a move through that level would

allow them to target the Dec 19 high of $0.6870. On the downside, initial

support is located at the 50-DMA/200-DMA at $0.6797/90 and a fall below would

give bears the green light for challenging the 21-DMA at $0.6752. 

- NZ QV house prices will hit later today, while BusinessNZ m'fing PMI is due

Friday, ahead of next week's release of NZ CPI.