NZD/USD last trades at $0.6837, unch. on the...>

KIWI: NZD/USD last trades at $0.6837, unch. on the day, after advancing 40 pips

Thursday, as kiwi outperformed all of its G10 peers. The pair posted gains in

yesterday's Asia-Pac session, supported by general optimism re: the ongoing

Sino-U.S. talks, boosted by BBG reports suggesting that the U.S. is weighing a

60-day extension to the Chinese tariff deadline. In the NY hours, a weak round

of U.S. economic data sent the rate to intraday highs of $0.6856, before some of

the earlier gains were pared on the back of a BBG story suggesting that U.S. &

Chinese trade reps remain deeply divided over Chinese structural reforms

demanded by Washington. This did not prevent NZD from finishing the day atop the

G10 pile. 

- Bulls look to yesterday's peak and a jump above would allow them to target the

upper 1.0% 10-DMA envelope at $0.6868. Meanwhile, bears look for a fall below

the 21-DMA at $0.6809, which would open up the 50-DMA, located at $0.6787. 

- There is not much on the NZ domestic econ calendar next week, but NZ focus

will likely be drawn to any developments in the Sino-U.S. trade relations, after

the top-level talks in Beijing conclude today.