NZD/USD last deals at $0.6735, a touch.........>

KIWI: NZD/USD last deals at $0.6735, a touch higher on the day, after Paymark

revealed that kiwi card spending rose 0.9% in Q1.

- Friday saw the rate close 24 pips lower, despite drawing some support from

optimism re: Sino-U.S. trade negotiations in the Asia-Pac session. Subsequent

slide into the European morning was followed by some see-saw gyrations on the

back of non-farm payrolls data from the U.S., which sent mixed signals, even as

the headline figure was strong. However, the NFP report proved USD-supportive

eventually, pressing the rate to the lowest levels since Jan around the WMR fix.

- Worth noting over the weekend White House's chief econ adviser Kudlow said

that the U.S. & China are "closer and closer" to a trade deal and will continue

top-level negotiations via teleconferencing this week.

- Consolidation below $0.6734, which represents the 200-DMA, would open up the

Feb 12 monthly low/Friday's monthly low of $0.6720/19. On the topside, bulls

need to clear $0.6766, where the rate peaked on Friday.

- NZ focus this week turns to domestic BusinessNZ m'fing PMI due Friday and any

fresh developments in Sino-U.S. trade matters.