NZD/USD has registered a session high of.......>

KIWI: NZD/USD has registered a session high of $0.6872, having advancing 15 or

so pips thus far. Early Asia-Pac hours saw the pair edging lower, as NZD was

pressured by the release of NZ Tsy's HYEFU, which provided narrower budget

surplus estimates, while the Tsy's growth forecast was trimmed from 3.8% to

2.9%. Initial downside move occurred although positive signals re: U.S.-China

trade relations lent support to the kiwi, allowing the rate to bounce in the 2nd

half of the session. 

- Bulls look to yesterday's peak at $0.6900 and a move through that level would

allow them to gain some upside impetus. Conversely, bears eye the 21-DMA/200-DMA

at $0.6852/49 ahead of challenging $0.6825, where the rate bottomed yesterday. 

- Domestic m'fing PMI & house sales provide the highlights of NZ docket for the

remainder of this week.