NZD/USD oscillates around unchanged levels,....>

KIWI: NZD/USD oscillates around unchanged levels, last deals at $0.6014. Local

markets are shut today as New Zealand observes a public holiday. Not much seen

on the wires so far.

- The rate sits at $0.6012, 5 pips shy of neutral levels. Bears keep an eye on

Apr 23 low of $0.5911 and a break here would clear the way to Apr 3 low of

$0.5844. Conversely, a break above the 50-DMA at $0.6078 and Apr 20 high of

$0.6092 would draw attention to Apr 14 peak at $0.6131.

- Looking ahead, New Zealand's trade balance hits on Wednesday, ANZ Business

Confidence comes out on Thursday & ANZ Consumer Confidence is due on Friday.

- Just worth highlighting that the RBNZ's communique will provide interest ahead

of their MonPol decision, due within just a little more than two weeks. The

central bank's musings re: negative rates and adding stimulus have likely

limited NZD lately.