NZD/USD last seen at $0.6572, a touch higher...>

KIWI: NZD/USD last seen at $0.6572, a touch higher on the day after REINZ house

sales printed at -7.8% Y/Y vs. the prior -11.5%.

- NZ focus turns to BusinessNZ m'fing PMI and food price index, due shortly.

- Chinese economic activity data, which will be published in the London morning,

will also be closely watched.

- Worth noting Fonterra upped its June 18 auction offer by 4.25 tons.

- A dip through the 21-DMA at $0.6560 and the lower 1.0% 10-DMA envelope at

$0.6536 would provide some downside momentum and return bearish focus to the

$0.6500 mark. Bulls target the 23.6% fibo retracement of the YtD range at

$0.6590, which capped Thursday's gains. Above here opens the 50-DMA at $0.6616.

- This comes after the rate slipped 6 pips Thursday, as a spillover from softer

than exp. Australian unemployment rate coupled with broader global trade worries

applied some weight.