NZD/USD last trades flat at $0.6619, with NZ...>

KIWI: NZD/USD last trades flat at $0.6619, with NZ trade data coming up at

23:45BST.

- The rate posted a higher high and higher low yesterday as struggling greenback

pushed the rate higher, with the move accelerating into the WMR fix after a

softer than exp. Dallas Fed m'fing activity print.

- A breach of the upper 1.0% 10-DMA envelope at $0.6627 would give bulls some

upside momentum and shift their focus to $0.6657, which represents the 38.2%

fibo retracement of the slide from $0.6939 to the YtD low of $0.6482. Bears look

for a return below the 50-DMA at $0.6589, breached yesterday, which would expose

the 21-DMA at $0.6572.

- In its 2019 Survey of New Zealand, the OECD said that they see a "strong case

for higher capital requirements," while noting "considerable uncertainty around

the appropriate end point."

- The RBNZ is set to deliver its monetary policy decision on Wednesday. NZ

business and consumer confidence surveys from ANZ will be published on Thursday

and Friday respectively.