NZD/USD is barely changed, last sits at........>

KIWI: NZD/USD is barely changed, last sits at $0.6413. With no domestic events

or data releases scheduled for today, participants remain on the lookout for

fresh reports from the trade war front. Over the weekend, we have seen reports

suggesting that China plans to increase penalties for IP theft in an attempt to

reach compromise with the U.S.

- To recap, Friday's fairly lacklustre session saw the pair range-bound.

- A rally above the nearby 100-DMA, intersecting at $0.6426, would expose

$0.6436/37, the highs of Nov 20/21. Meanwhile, bears keep an eye on the nearest

round figure below, followed by the trendline support, which kicks in at

$0.6465.

- The local calendar for this week includes retail sales ex inflation (Tuesday),

trade balance (Wednesday), ANZ biz. confidence (Thursday), as well as ANZ

consumer confidence and building permits (Friday). The RBNZ will publish its FSR

on Tuesday, which will be followed by a presser with Gov Orr.