NZD/USD last seen at $0.6617, unchanged on.....>

KIWI: NZD/USD last seen at $0.6617, unchanged on the day.

- The rate ticked higher in Thursday's Asia-Pacific session, stopping just shy

of $0.6640, drawing support from the CNBC source story, which suggested that

U.S.-China trade talks are nearing a conclusion. The release of NZ building

approvals, which came in at -6.9% M/M vs. the prior +1.7%, was ignored.

- The London afternoon saw the rate give away its earlier gains, as USD regained

poise. The selloff was helped by a Global Times story, which noted that lack of

details from the latest round of U.S.-China negotiations "left many to wonder

whether the two economic powers have hit an impasse." Subsequent move away from

lows allowed the pair to close 5 pips worse off.

- On the technical front, a dip through Thursday's low of $0.6608 would shift

bearish focus to the lower 1.0% 10-DMA envelope, which kicks in at $0.6575.

Meanwhile, above $0.6640, which capped gains on Thursday, would expose the down

trendline from Mar 26, located at $0.6664.

- As a reminder, the RBNZ will deliver its MonPol decision next Wednesday. The

Bank's 2-year inflation expectation comes out the day before.