NZD/USD last trades at $0.6763, just below.....>

KIWI: NZD/USD last trades at $0.6763, just below Wednesday's close. A lift

through $0.6774, where the rate peaked on Wednesday, would allow bulls to set

their sights on several key DMAs, situated in the $0.6808-19 area. On the

downside, bears continue to look for a pullback below the 200-DMA at $0.6734,

breached last Friday.

- The pair stuck to a ~12 pip range throughout Wednesday's Asia-Pac session

before drifting north into the European morning. Early European gains were

capped by $0.6764 and the rate retreated just before the London noon, with the

move likely accelerated by a post-MonPol decision press conference with ECB Pres

Draghi, who said that the Bank would consider if negative rates need mitigating,

which weighed on risk appetite. Subsequent recovery into the London fix,

extended thereafter, allowed the rate to finish 21 pips better off.

- NZ food price index comes out within 45 minutes, while BusinessNZ m'fing PMI

will follow on Friday. Chinese inflation data, due later today, and any fallout

from Sino-U.S. trade talks will also provide interest.