NZD/USD last trades flat at $0.6798, ahead.....>

KIWI: NZD/USD last trades flat at $0.6798, ahead of the release of NZ ANZ

business confidence survey at the top of the hour. 

- The pair dived 110 pips Wednesday on the back of a dovish turn in rhetoric

surrounding the latest RBNZ MonPol decision. The Bank left its OCR unchanged at

1.75%, but said that the more likely direction of the next rate move is down and

cited weak biz. sentiment as one of the reasons for deteriorating econ outlook.

- Worth mentioning the next MonPol decision, due on May 8, will be delivered by

the new Monetary Policy Committee, including four internal RBNZ members and

three external members (appointed today), and chaired by Governor Orr.

- Bears look for a break below the nearby 1.0% 10-DMA envelope at $0.6792, which

would bring the 200-DMA at $0.6736 into view. Meanwhile, bulls keep an eye on

the 100-DMA at $0.6812 and the 50-DMA at $0.6828, both breached yesterday.

- Friday will see a key acddress from RBNZ Gov Orr, who will speak on the RBNZ's

new policy setting framework. Elsewhere, NZ building permits come out on Friday,

while the visit of top U.S. trade officials in Beijing today and tomorrow will

also be of interest.