NZD/USD has ticked higher; no potential........>

KIWI: NZD/USD has ticked higher; no potential catalysts seen on the wires. The

pair trades at $0.6359, 9 pips better off, with the kiwi atop the G10 pile.

- A break above the 76.4% retracement of the Sep 12 - Oct 1 slide at $0.6393

would open up the nearest round figure. Conversely, bears look for a dip under

the $0.6341 50-DMA before targeting $0.6320, the mid-point of the Oct rally.

- This comes after NZD/USD failed to latch onto the broader risk-on mood and

charted a (virtual) Doji yesterday. The pair finished the Asia-Pac session in

the red and subsequent recovery held shallow. A round of NZD/USD sales emerged

into the London noon and the heavy tone was sustained despite positive

developments re: U.S.-China trade situation, with some pointing to AUD/NZD

demand as a potential limiting factor. The pair then ticked away from lows.

- RBNZ Assistant governor Hawkesby said that the surprising double-sized rate

cut in August was an attempt to demonstrate the central bank's "determination to

ensure inflation increases to the mid-point of the target."

- Building permits and ANZ biz. confidence come out on Thursday, while ANZ

consumer confidence hits on Friday.