NZD/USD registered 25 pip gains yesterday,.....>

KIWI: NZD/USD registered 25 pip gains yesterday, after three straight days of

losses, but that was mostly down to USD weakness, as risk appetite remained

limited by the simmering U.S.-China trade tensions. The rate edged lower

initially, touching a new YtD low pre-London noon, before rallying firmly

through $0.6500 as flash PMI prints out of the U.S. provided disappointment,

while U.S. 10-Year Tsy yields hit multi-year lows, damaging the greenback.

- NZD/USD last trades at $0.6522, almost unch. on the day. Bulls look for a

break above this week's high of $0.6553, touched on Monday, before attempting a

move at the 21-DMA at $0.6582. A dip back below the down trendline, where the

rate sits at typing, would expose the lower 1.0% 10-DMA envelope/yesterday's YtD

low of $0.6489/82.

- NZ trade balance data, due in 20 minutes' time, takes focus from here.