NZD/USD climbed 30 pips overnight and last.....>

KIWI: NZD/USD climbed 30 pips overnight and last deals at $0.6780, as kiwi drew

support from broader risk-on flows & a firm NZ Q4 CPI print in the NY/Asia

crossover. Worth highlighting, however, that the 1.9% print missed the RBNZ exp.

of 2.0%, despite exceeding consensus forecast of 1.8%. In the second half of the

session, NZD posted a downtick after the RBNZ sectoral inflation model printed

at 1.7% Y/Y in Q4, steady vs. Q3, but the currency quickly recovered & climbed

to fresh session highs of $0.6785. 

- The rate has breached the 200-DMA at $0.6772, bulls now focus on the

55-DMA/50-DMA at $0.6792/96 and a break above would open up the psychological

$0.6800 level. On the downside, bears look for a move back below the

aforementioned 200-DMA before challenging the 21-DMA at $0.6749. 

- NZ docket for the remainder of the week is dry.