NZD/USD last trades at $0.6426, barely.........>

KIWI: NZD/USD last trades at $0.6426, barely changed on the day. Reaction to the

in-line trade balance data out of New Zealand was very muted. Apart from that,

we heard from RBNZ Governor Orr and his Deputy Bascand.

- Orr held a presser after the release of the RBNZ's bi-annual FSR; he noted

that the Bank has decided to leave the Loan-to-Value Ratio restrictions

unchanged at this point. Bascand said that bank deposit growth "is not an acute

concern" now.

- Yesterday's close above the 100-DMA brings the Nov 4 high of $0.6466 into

view. A break above would clear the way to the mid-point of the Jul 19 - Oct 1

sell-off at $0.6497. Bears need a retreat under that 100-DMA at $0.6422 before

targeting the trendline support at $0.6374.

- Yesterday saw the pair edge higher, with a modicum of support coming from U.S.

Pres Trump's upbeat remarks re: trade talks with China.

- The focus turns to two consecutive ANZ surveys, with Thursday's biz. conf. due

to be followed by cons. conf. on Friday. Building permits are also awaited on

Friday.