NZD/USD has added 7 pips thus far and last.....>

KIWI: NZD/USD has added 7 pips thus far and last deals at the 21-DMA, located at

$0.6804. The rate climbed 61 pips Wednesday, as kiwi rallied on the back of the

RBNZ MonPol decision & accompanying press conference with RBNZ Gov Orr. The Bank

keep its policy rate unch. At 1.75%, while it flattened out its rate track, with

a hike now projected for Q121 vs. Q320 previously. The RBNZ's decision

disappointed the doves, who were looking for more focus on the the need for

monetary easing. Meanwhile, RBNZ Gov Orr stated that chances of a rate cut have

not increased, the outlook is balanced re: the next move being up or down, but

went on to note that a rate cut may be needed if growth doesn't pick up. For our

RBNZ Review see MNI Main Wire at 12:16 GMT 02/13. 

- The rate then halved its RBNZ inspired gains, as the London & NY sessions

progressed as broader USD strength came to the fore. 

- Bulls look to $0.6852, where the rate peaked Wednesday, ahead of the upper

1.0% 10-DMA envelope at $0.6871. On the downside, the initial focus falls on the

50-DMA at $0.6787, followed by the 200-DMA at $0.6753.