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NZD/USD last trades at $0.6507, just shy of....>

KIWI: NZD/USD last trades at $0.6507, just shy of unchanged levels. The pair has
ticked lower after the release of NZ ANZ Consumer Confidence Index, which
printed at 119.3 vs. the prior 123.2.
- Fonterra said they will offer 1,560 tons more whole milk powder at June GDT
- A dip in Thursday's London afternoon allowed the rate to finish 5 pips lower
on the day. A slightly better than exp. revision to U.S. GDP might have aided
the downside move. After bottoming at $0.6495 right ahead of the WMR fix,
NZD/USD ticked away from lows before the close.
- Below Thursday's low would open the May 23 YtD low/downtrend
resistance-turned-support of $0.6484/75. Bulls need to recover Thursday's peak
at $0.6528 before attempting a move at $0.6553/59, which represents the
21-DMA/May 27 & 28 highs.
- Chinese official PMI readings will provide some interest later today.

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