NZD/USD has edged lower, extending on a 65.....>

KIWI: NZD/USD has edged lower, extending on a 65 pip slump registered just ahead

of today's Asia-Pacific session on the back of weak NZ labour mkt data, which

forced the pair through its 21-, 55- & 50-DMA. Unemployment rose to 4.3% from

4.0% vs. a 4.1% forecast (reversing most of Q3's larger than expected fall in

the process), while the participation rate edged lower. NZD/USD last deals at

$0.6769. 

- The aforementioned soft data release extended on the rate's earlier decline,

which stemmed from AUD weakness, and allowed the rate to close 120 pips lower

Wednesday. As a reminder, the Aussie was weighed on by comments from RBA Gov

Lowe, who said the Bank's interest-rate outlook is now more evenly balanced. 

- After the rate sunk through a number of key levels, bears now target the

200-DMA at $0.6759, followed by the lower 2.0% 10-DMA envelope at $0.6718.

Meanwhile, bulls look for a jump above the $0.6801-$0.6815 area, which hosts the

three key DMAs breached on Wednesday, as they hope to regain some impetus. 

- The NZ docket is empty for the remainder of the week, but next week will see

the RBNZ deliver its first MonPol decision of 2019.