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NZD/USD has also come under some modest........>

KIWI
KIWI: NZD/USD has also come under some modest pressure in early dealing this
week, largely tracking the broader USD moves, last dealing at $0.6612, 5 pips or
so softer on the day.
- The rate has exhibited little reaction to the weekend's Chinese PMI data and
the latest round of Fonterra milk collection data.
- The rate had a brief look below $0.6600 on Friday, but options related support
was noted ahead of a chunky expiry at the 10 AM NY cut. Friday's low ($0.6599)
provides initial support, followed by the 19 September low ($0.6573). Initial
resistance is noted at Friday's high ($0.6640).
- The NZ docket thins out this week, with QV house price data providing the most
notable point of interest.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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