NZD/USD sits 7 pips higher on the day, last....>

KIWI: NZD/USD sits 7 pips higher on the day, last at $0.6461.

- On Tuesday, the pair traded within a ~20 pip range for the first half of the

day, before sliding to its intraday low of $0.6422 as U.S. core CPI metrics

topped forecasts. However, the rate bounced from lows as the U.S. announced

delaying tariffs on some consumer goods from China, with both sides signalling

that their top trade representatives spoke by phone and will speak again in two

weeks. NZD/USD rallied sharply on the news, hitting resistance at $0.6742,

before fading to just 6 pips above the neutral levels into the close.

- Bulls need a lift above the 23.6% retracement of the Jul-Aug slide at $0.6475

before challenging the $0.6800 barrier, which capped gains last Friday.

Meanwhile, bears look for a retreat below the Oct 8 2018 low & lower 1.0% 10-DMA

envelope, both at $0.6425.

- The RBNZ informed that NZ Commerce Commission has joined the Council of

Financial Regulators.

- NZ focus today falls on a slew of China's monthly activity indicators.

Domestic m'fing PMI survey from BusinessNZ will be published on Friday.