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NZD/USD edged higher overnight, supported by...>

KIWI
KIWI: NZD/USD edged higher overnight, supported by positive risk sentiment
stemming from optimism re: Sino-U.S. trade talks, amidst thin liquidity due to
market closures in Japan & China. The pair last deals at $0.6633, 10 pips higher
on the day.
- The rate shrugged off the latest NZ buildings approval print, which came in at
-6.7% M/M. The previous reading was revised to +1.7% M/M from +1.9%.
- On the technical front, yesterday's high of $0.6681 remains in focus, while
downside attention is drawn to the lower 1.0% 10-DMA envelope at $0.6583. Worth
noting that until today NZD/USD topped out around the aforementioned $0.6681
level on four consecutive days, starting on Friday.
- NZ economic calendar is virtually empty towards the end of this week.

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