NZD/USD last seen at $0.6744, almost unch......>

KIWI: NZD/USD last seen at $0.6744, almost unch. on the day. 

- On Tuesday, the pair eventually edged back to its initial levels, as early

gains were reversed on the back of tepid risk appetite, struggling due to the

IMF's decision to trim its global econ growth forecast and soft equity

performance in Europe & the U.S.

- Bulls initially look to $0.6754 & $0.6759, where the rate peaked on Monday and

Tuesday respectively. Above here would expose the psychological $0.6800 level,

which provided a layer of technical resistance last Wednesday and Thursday.

Meanwhile, a fall through the 200-DMA at $0.6734, which remained intact

yesterday, would open up the Feb 12 monthly low/Friday's monthly low of

$0.6720/19.

- NZ highlights this week include domestic BusinessNZ m'fing PMI due Friday and

any fresh developments in Sino-U.S. trade matters.