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NZD/USD last sits at $0.6858, where it.........>

KIWI
KIWI: NZD/USD last sits at $0.6858, where it closed on Wednesday after slipping
3 pips through the day, as it tracked broader risk sentiment. In spite of its
recovery in the London/NY hours, kiwi finished the day at the bottom of the G10
pile.
- Bearish attention is drawn to the 21-DMA at $0.6834, which is followed by the
50-DMA at $0.6812. On the topside, bulls look to the Tuesday's high of $0.6873,
situated 10 pips below the upper 1.0% 10-DMA envelope, which provides the next
layer of resistance.
- Friday will see the release of NZ's BusinessNZ m'fing PMI data, but before
that focus turns to Chinese activity data, due later today.

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