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

KIWI: NZD/USD is little changed, last sits at $0.6100, ahead of the release of

New Zealand's trade balance. As a reminder, PM Ardern said yesterday that the

gov't will be easing some restrictions on social gatherings on Friday, and is

working on moving from alert level 2 to level 1.

- Bears look for a break below May 22 low of $0.6081, which would open up the

round figure/50-DMA at $0.6000/5999. On the topside, worth keeping an eye on May

11/20 highs of $0.6156/58. A break here is needed to bring the key Apr 30 high

of $0.6176 into play.

- Later in the week, focus turns to Thursday's ANZ Biz. Confidence and Friday's

ANZ Cons. Confidence. RBNZ Gov Orr will hold a presser on Wednesday, after the

release of the FSR.