NZD/USD last deals at $0.6379, a handful of....>

KIWI: NZD/USD last deals at $0.6379, a handful of pips under neutral levels.

- Yesterday saw a slight correction of the recent rally. The rate declined in

the Asia-Pac session, despite little in the way of headline catalysts. London &

NY hours brought further losses, amid uncertainty surrounding Brexit/potential

for UK general election and after U.S. Vice President Pence criticised China's

handling of the Hong Kong situation (although he also called for a rapprochement

on the trade front).

- The resilience of the former neckline at $0.6357 will be a litmus test for the

topside momentum. If the rate recedes below the level, bears would take aim at

the 50-DMA, which intersects at $0.6344. Conversely, a move onto the $0.6400

handle would return bullish focus to the Oct 22 peak at $0.6436.

- Looking ahead, building permits and ANZ biz. confidence come out next

Thursday, while ANZ consumer confidence hits on Friday.