NZD/USD last trades flat at $0.6741. The.......>

KIWI: NZD/USD last trades flat at $0.6741. The rate knee-jerked to a reaction

high of $0.6750 as risk appetite revived after British parliament passed the

"Cooper-Letwin" Bill, which forces the gov't to avoid a no-deal Brexit. The bill

now requires only the royal assent to become law, effectively a rubber stamp

expected today/tomorrow. However, the initial spike has been retraced on the

back of soft ANZ Truckometer Heavy print. Worth noting price action has been

contained within a ~10 pip range.

- This comes after the rate added 11 pips Monday, mostly thanks to the

greenback's broad-based retreat.

- Bulls initially look to $0.6754 & $0.6766, where the rate peaked on Monday and

last Friday respectively. Above here would expose the psychological $0.6800

level, which provided a layer of technical resistance last Wednesday and

Thursday. Meanwhile, bears look for a return below the 200-DMA at $0.6734 before

attempting a move at the Feb 12 monthly low/Friday's monthly low of $0.6720/19.

- NZ focus this week turns to domestic BusinessNZ m'fing PMI due Friday and any

fresh developments in Sino-U.S. trade matters.