NZD/USD has edged marginally higher, last......>

KIWI: NZD/USD has edged marginally higher, last trades +3 pips at $0.6634.

- Friday saw the rate chart a bullish inside candlestick, with the psychological

$0.6600 support proving its resilience, for now. The combination of a soft U.S.

NFP report & likely some spill-over from AUD strength may have aided the pair.

- In offshore developments, China and the U.S. should sign their phase-one deal

on Wednesday. Elsewhere, the WSJ reported that "the U.S. & China have agreed to

semi-annual talks to push for economic reform and resolve disputes."

- Bulls look for a reversal, following the slide at the beginning of the year.

They keep an eye on the 21-DMA at $0.6650. A break here would open up the Jan 6

high of 0.6680. Meanwhile, bears need a fall through the $0.6600 mark for the

downside momentum to pick up.

- NZ highlights this week include building permits (Tuesday), food price index

(Wednesday) and BusinessNZ m'fing PMI (Friday).