NZD/USD has added 9 pips thus far and last.....>

KIWI: NZD/USD has added 9 pips thus far and last trades at $0.6787.

- The rate finished 20 pips better off yesterday, as a spillover from firm

Aussie data, strong Caixin PMIs from China, and positive signals re: Sino-U.S.

trade matters lent support to the kiwi.

- NZ FinMin Roberts spoke in parliament yesterday, highlighting the risk to NZ

economy posed by the global outlook, despite "more positive news out of NZ

recently, and our solid economic fundamentals."

- After NZD/USD registered a failed attempt a breaking above the $0.6800 mark

yesterday, bulls continue to target the figure. Above here would open up the

100-DMA at $0.6813. On the downside, bears look to the trendline support at

$0.6746, highlighted in our recent MNI Analysis e-mail (see the chart at

https://emedia.marketnews.com/marketnewsintl/NZDUSD.png or FX Bullets at 13:09

BST 04/03). A break below would expose the 200-DMA at $0.6735.

- In the absence of major domestic data releases, NZ focus during the remainder

of this week will fall on any developments in the Sino-U.S. trade relations.