NZD/USD last $0.6813, ~80 pips higher on the...>

KIWI: NZD/USD last $0.6813, ~80 pips higher on the day, as kiwi has rallied on

the back of the latest RBNZ MonPol decision. The decision clearly disappointed

NZD bears, who may have looked for a growing focus on the need for monetary

easing at the RBNZ. 

- The RBNZ decided to keep its policy settings unchanged and said it is likely

to stand pat through 2019 & 2020, flattening out its OCR track which previously

looked for a hike in Q320 in the process. 

- The Bank also noted that the next move in the OCR (currently at 1.75%) could

be up or down, highlighted downside risks to NZ's global trading partners and

said that it sees both upside and downside inflation risks. 

- After the rate breached several key levels, topping out at $0.6829, bulls

shift their focus to the Jan 16 high of $0.6831, followed by $0.6884, which

represents the upper 1.0% 10-DMA envelope. Meanwhile, bears look for a fall

below the 21-DMA at $0.6803, hoping to gain some downside impetus.