NZD/USD has added 16 pips thus far and was.....>

KIWI: NZD/USD has added 16 pips thus far and was last seen at $0.6873, as the

rate draws support from AUD strength, owing to a stronger than exp. Australian

labour mkt data release.

- Yesterday, the pair dropped 26 pips and kiwi finished at the bottom of the G10

currency board, as NZD failed to benefit from a stronger yuan, with AUD/NZD

demand touted, despite a less than inspiring round of Australian wage data.

- Bulls need to clear the upper 1.0% 10-DMA envelope/yesterday's high at

$0.6884/5 before attempting a move at $0.6894, where the rate peaked on Feb 18.

Meanwhile, bears set their sights on $0.6831, which represents the 21-DMA, and a

fall below would shift the downside focus to the 55-DMA at $0.6795.

- The NZ calendar during the remainder of this week is very thin, with credit

card spending data coming out tomorrow.