NZD/USD last deals at $0.6661, a touch lower...>

KIWI: NZD/USD last deals at $0.6661, a touch lower on the day.

- The kiwi came under pressure in Thursday's Asia-Pac hours as Westpac lowered

their RBNZ call, adding a November quarter-point cut to the OCR on top of the

previously expected analogical cut in August. The accompanying commentary

pointed to the potential for "a more aggressive cutting profile." Bearish tone

was upheld by a dovish speech from RBA Gov Lowe, which applied weighed to the

Antipodean FX. The slide accelerated when upbeat U.S. data prints rolled in,

with durable goods orders providing the biggest beat.

- The lower 1.0% 10-DMA envelope, today at $0.6652, limited losses yesterday and

continues to provide the initial bearish target. Should the level give way, the

downside attention would be drawn to the $0.6621 50-DMA. Bulls look to recover

the 100-DMA at $0.6672, breached yesterday. Above here would open the 21-DMA at

$0.6691.

- NZ domestic building permits are expected next Tuesday. Wednesday will see ANZ

biz. confidence survey, while cons. confidence, also from ANZ, hits on Friday.