NZD/USD last seen at $0.6412, slightly lower...>

KIWI: NZD/USD last seen at $0.6412, slightly lower on the day. New Zealand's Q3

retail sales ex inflation came out in the NY/Asia crossover, accelerating more

than expected to +1.6% Q/Q from +0.2%.

- The local retail sales data put a fresh bid into NZD just ahead of yesterday's

close, allowing NZD/USD to close in positive territory. This was after the rate

has already shaken off its initial gains, registered on the back of China's

pledge to tackle IP violations.

- A drop under the $0.6400 mark would draw attention to the trendline support at

$0.6374. Conversely, bulls remain focused on the nearby 100-DMA, which today

intersects at $0.6425. Above would clear the way to the Nov 4 peak at $0.6466.

- Of note on the local docket during the remainder of this week are trade

balance (Wednesday), ANZ biz. conf. (Thursday), as well as ANZ cons. conf. &

building permits (Friday). The RBNZ will publish its FSR tomorrow, which will be

followed by a presser with Gov Orr.