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NZD/USD last deals at $0.6801, 57 pips lower...>

KIWI
KIWI: NZD/USD last deals at $0.6801, 57 pips lower on the day, as the kiwi
registered losses across the G10 currency board overnight, coming under pressure
from broader risk off flows. 
- The RBNZ is consulting on a proposal to almost double bank capital
requirements attracted some interest in terms of the risk environment overnight,
but the timing of the headline did not line up with price action. NAB suggest
that Australian banks may need as much as NZ$9bn if the outlined fresh RBNZ
capital plans go into action 
- Bears continue to look for a clean break & consolidation below $0.6800, after
a look below overnight, which would open up the Nov 28 low at $0.6784, followed
by the 50-DMA at $0.6709. Conversely, initial resistance is located at the
200-DMA/21-DMA at $0.6846/52 and a break above would allow bulls to target
yesterday's high at $0.6880. 
- NZ focus next week turns to ANZ biz. conf. due Tuesday, followed by GDP &
trade balance figures due Thursday.

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