NZD/USD last sits at $0.6399, 5 pips lower.....>

KIWI: NZD/USD last sits at $0.6399, 5 pips lower on the day. The kiwi

underperforms its G10 peers at the margin.

- Bears look for a dip under the 50-DMA at $0.6345 and the nearby ascending

trendline support, which today intersects with the 23.6% retracement of the Jul

19 - Oct 1 sell-off at $0.6343. A break would open the Nov 8 trough of $0.6322.

On the flip side, should the Nov 14 high of $0.6419 give way, bulls would turn

focus to $0.6436/39, the high of Oct 22/100-DMA.

- Statistics NZ announced today that they will begin publishing a new monthly

employment series. The first release of the new Employment Indicator, due on Nov

28, will include the data from Apr 1999 through Oct 2019.

- This comes after renewed optimism surrounding U.S.-China trade negotiations

allowed NZD/USD to push higher through the day. White House advisor Navarro

noted that a bilateral trade deal is very close, which inspired risk-on flows,

while top trade reps from the U.S. and China held a phone call. 

- NZ focus this week turns to the local PPI data (Tuesday) and credit card

spending (Thursday). Furthermore, there is a GDT auction scheduled for Tuesday.