NZD/USD last seen at $0.6852, a touch higher...>

KIWI: NZD/USD last seen at $0.6852, a touch higher on the day, after falling 40

pips Wednesday, as USTR Lighthizer (a noted China hawk) told U.S. lawmakers that

U.S.-China trade tensions "are too serious to be resolved with promises of

additional purchases." USD's recovery on the back of rising U.S. Tsy yields also

contributed to the rate's decline.

- Worth mentioning Fonterra revised its milk price forecast to NZ$6.30-6.60 from

prev. NZ$6.00-6.30, while it also cut its earnings predictions and suspended H1

dividends. The higher milk price forecast helped NZD/USD tick away from lows

towards the close of NY trade.

- The initial bullish target is provided by Wednesday's peak at $0.6902.

Meanwhile, the downside attention is drawn to the 21-DMA/Wednesday's low at

$0.6836/35 and a fall through that level would open up the 50-DMA & 55-DMA, both

located at $0.6793.

- NZ focus turns to domestic ANZ biz. confidence survey due at the top of the

hour. Chinese PMI data, due later today and Friday, will also draw some

interest.