NZD/USD last $0.6849, 45 pips higher on the....>

KIWI: NZD/USD last $0.6849, 45 pips higher on the day, as kiwi outperformed its

G10 peers by solid margins overnight, with an improvement in business confidence

among the factors underpinning NZD strength.

- China's President Xi's speech failed to exert any meaningful impact, as it did

not explicitly mention trade relations with the U.S., despite involving a few

hawkish-sounding remarks.

- Initial resistance noted at the Dec 14 high of $0.6864, followed by the Dec 13

high of $0.6880 and the psychological level/Dec 12 high of $6900. Conversely,

bears eye the nearby 200-DMA at $0.6841 before attempting a run at yesterday's

low of $0.6785. 

- NZ economic releases this week include ANZ biz. conf. due Wednesday, as well

as domestic GDP and trade balance due Thursday.