NZD/USD has lost some ground at the start to...>

KIWI: NZD/USD has lost some ground at the start to the week, as risk aversion

has taken hold from the off. The risk-off cocktail of the escalating coronavirus

worry, crude oil's rout & North Korea's missile tests has put a lid on the pair.

It has moved away from lows and currently sits -11 pips at $0.6339. 

- Friday saw the pair advance amid reported demand for NZD/AUD, as little in the

way of headline flow was seen to drive the move.

- A fall below $0.6294, which limited Friday's losses, would give bears some

momentum. On the flip side, bulls look for a break above Friday's peak at

$0.6373 before attempting a move at the 38.2% retracement of the Dec 31 - Mar 2

sell-off, located right at the $0.6400 mark.

- Coming up this week we have NZ Q4 m'fing activity (Tuesday), card spending

data (Wednesday) and BusinessNZ m'fing PMI & Food Price Index (Friday). RBNZ Gov

Orr delivers his awaited speech on unconventional policy tools next Tuesday.