NZD/USD has slipped 9 pips and last deals at...>

KIWI: NZD/USD has slipped 9 pips and last deals at $0.6740 after closing 27 pips

lower yesterday. In yesterday's Asia-Pac session kiwi came under pressure from a

soft NZ labour mkt data release in the NY/Asia crossover. Subsequent recovery

was capped by comments from U.S. top econ adviser Kudlow, who played down the

prospect of a Sino-U.S. trade deal in the near future. U.S. President Trump

later noted that he will not be meeting Chinese counterpart Xi ahead of the

March 1 tariff deadline. 

- $0.6724, which represents the 100-DMA, provides the initial bearish target and

a break below would bring the Jan 22 low of $0.6707 into play. Meanwhile, bulls

need to clear the 200-DMA at $0.6757, which would allow them to set their sights

on yesterday's high of $0.6778. 

- NZ focus next week will fall on the first RBNZ MonPol decision of 2019 & the

accompanying press conference with RBNZ Gov Orr on Wednesday.