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NZD/USD trades flat at $0.6608 after adding....>

KIWI
KIWI: NZD/USD trades flat at $0.6608 after adding 10 pips yesterday amid better
risk sentiment, aided by comments from Fed Chair Powell, who said that the Fed
will "act as appropriate to sustain expansion." Softer whole milk powder prices
at the latest GDT auction might have limited the pair's gains to a degree.
- A break above the upper 1.0% 10-DMA envelope/yesterday's high at $0.6618/20
would open up the 50-DMA, which comes in at $0.6640. Meanwhile, bears need a
fall below $0.6600 before turning focus to the 21-DMA at $0.6552.
- NZ economic docket is rather thin during the remainder of this week, with QV
house price & ANZ commodity price indices due on Thursday. Caixin services &
composite PMI tallies out of China, due later today, may provide some interest.

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