NZD/USD inched higher Thursday, moving.........>

KIWI: NZD/USD inched higher Thursday, moving alongside AUD/USD. The Antipodean

currencies may have drawn some support as European & U.S. equity benchmarks

generally managed to finish a tad higher.

- ANZ Consumer Confidence Index jumped to 104.5 from 97.3 in May, showing a

continued recovery in sentiment, though "the current flurry of spending as

households spend their involuntary lockdown savings and international holiday

budgets is likely to peter out relatively soon", per ANZ's comments.

- NZ gov't released a tranche of documents from their deliberations on Covid-19

policies. According to the papers, Health Director General wanted NZ to stay at

alert level 2 for at least four weeks.

- NZD/USD last trades at $0.6431, almost unchanged on the day. A break above Jun

23 high of $0.6533 would bring Jun 10 high of $0.6584, a key near-term

resistance, into play. A fall through Jun 22 low of $0.6377 would expose the

200-DMA/23.6% retracement of the Mar 19 - Jun 10 rally at $0.6325/21.

- Focus next week turns to final ANZ Business Confidence (Tuesday) and building

permits (Wednesday).