NZD/USD has edged higher, last trades at.......>

KIWI: NZD/USD has edged higher, last trades at $0.6537, 7 pips better off. In

terms of broader picture drivers, familiar factors remain in play, with focus on

the global coronavirus situation. In New Zealand, PM Ardern said that the gov't

will extend the Small Business Cashflow Loan Scheme, an interest-free loan

programme for small firms. It will be extended until year-end.

- Elsewhere, PM Ardern suggested that the establishment of the trans-Tasman

travel bubble could take a more incremental form, i.e. on a state by state

basis. She also refused to confirm earlier comments from Australia's Tourism Min

Birmingham, who said that quarantine-free travelling across the Tasman could be

possible by September, if the Covid-19 outbreak in Victoria is contained.

- Bulls need a rally above Jun 10 high of $0.6584, the key near-term resistance,

to get a fresh impetus and bring the $0.6000 mark into view. Bears look for a

retreat under Jun 22 low of $0.6377 before targeting the 200-DMA at $0.6331.

- Focus in NZ turns to ANZ Biz. Confidence (Thursday) & card spending (Friday).