NZD/USD has slipped 15 pips overnight and......>

KIWI: NZD/USD has slipped 15 pips overnight and last trades at $0.6728, with

kiwi underperforming all of its G10 peers. In early Asia-Pac hours, the rate was

weighed by a BBG source story re: unresolved IP issues blocking progress in

U.S.-China trade talks. Although the rate ticked up upon the release of Chinese

2018 GDP (which met exp.), as well as Dec industrial output & retail sales

(exceeding exp.), although NZD failed to fully recover before declining further.

- Initial support is located at the Jan 8 low of $0.6708 and a breach of that

level would open up the 100-DMA at $0.6690. On the topside, initial focus falls

on the 21-DMA at $0.6745, while the next layer of resistance above is provided

by Friday's high of $0.6784. 

- NZ CPI is in the spotlight this week, while any developments in Sino-U.S.

trade relations will continue to draw interest.