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NZD/USD shed 25 pips overnight and last........>

KIWI
KIWI: NZD/USD shed 25 pips overnight and last deals at $0.6777, after kiwi dived
on the back of comments from RBNZ Dep Gov Bascand, who suggested that an
increase in bank capital requirements (from 14% to 15%) may eventually result in
rate cuts. Kiwi sits comfortably at the bottom of the G10 pile at writing, while
Bascand is set to speak again on Tuesday.
- Elsewhere, broader optimism re: the ongoing Sino-U.S. trade talks may have
cushioned NZD losses.
- Initial bearish focus falls on the 200-DMA at $0.6751, ahead of the
100-DMA/lower 1.0% 10-DMA envelope at $0.6747/46. Conversely, bulls need to
clear the nearby 50-DMA, located at $0.6786, before setting their sights on
$0.6829, which represents the 21-DMA.
- NZ highlights next week include business confidence, domestic retail sales,
trade balance and building permits.
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