NZD/USD last trades at Monday's close of.......>

KIWI: NZD/USD last trades at Monday's close of $0.6632. NZ building approvals

will be released in ~20 minutes' time.

- The rate lost some ground in Monday's Asia-Pac session, with familiar global

trade & geopolitical tensions limiting risk appetite, and amid exp. for the RBNZ

to ease policy next week. The 50-DMA at $0.6625 provided support in the European

morning, but ultimately gave way as USD continued to strengthen. Recovery in

NZD/USD was noted post-WMR fix as USD faded somewhat, but the upswing stopped

short of neutral levels.

- Bears look for extending the recent losing streak and a fall below the

aforementioned 50-DMA would support their case. Subsequent breach of $0.6600

would open the descending trendline support at $0.6573. Bulls look to recover

$0.6657, which represents the 38.2% retracement of the slide from $0.6939 to

$0.6482, as well as the high of Jul 10. A break here would expose the 100-DMA,

which comes in at $0.6668, coinciding with the Apr 17 low.

- ANZ will publish its gauges for NZ biz. and cons. confidence on Wednesday and

Thursday respectively. Resumed Sino-U.S. trade talks will also draw attention.