NZD/USD came under some pressure in early......>

KIWI: NZD/USD came under some pressure in early Friday trade, registering a low

of $0.6524. Some pointed to a moderation in NZ net inbound migration as the

catalyst for the modest move lower. This came after risk aversion pressured the

cross Thursday, although the move lower in U.S. yields limited losses for the

rate.

- Later in the day supportive measures/rhetoric from the PBOC & Chinese

regulators alleviated some of the negative sentiment, allowing the rate to

register a high of $0.6566, last dealing just shy of that level.

- Familiar support and resistance levels remain in play. The 50-DMA ($0.6589)

provides the initial resistance level, closely followed by $0.6600 on any break

above, while initial support is noted at $0.6460.

- NZ trade data headlines the local docket over the next week or so.