NZD/USD last deals little changed at...........>

KIWI: NZD/USD last deals little changed at $0.6678. The lack of outright

commitment to an August cut in the RBNZ's latest MonPol decision (although a

clear easing bias remains, with many looking for an August cut) & broader

commodity FX related strength evident Wednesday allowed the rate to print at the

highest levels seen since April 19, extending on the recent rebound from key

long term trend support drawn from the 2015 lows. The initial spike lower on the

back of the RBNZ decision was quickly reversed, with some pointing to an

erroneous tweet from a third party provider which indicated a rate cut (looked

like an accidental repeat of last month's decision) as a partial reason for the

initial spike lower. Bulls look to clear the 100-DMA & psychological resistance

at $0.6698/0.6700 before challenging the 200-DMA/mid-point of the YtD range at

$0.6711/12. Bears looks for a quick move back below the 38.2% retracement of the

move from the YtD peak to low at $0.6658 and broken downtrend resistance drawn

from the Mar 21 high at $0.6657.

- The latest ANZ business survey provides the highlight of today's domestic

docket.