NZDUSD briefly traded above 0.7300, last at....>

KIWI: NZDUSD briefly traded above 0.7300, last at 0.7295. The NZD managed to

outperform the AUD on Monday, although AUDNZD last trades back at 1.0620, after

printing lows around 1.0585 in NY dealing. NZD benefited from Monday's uptick in

risk sentiment, a surprise NZ trade surplus & relatively positive comments on

NZ's economic outlook from incoming RBNZ Gov. Orr. There is a lack of NZ

fundamental risk events on Tuesday, so the NZD may track risk sentiment.

- NZDUSD bulls take comfort from Monday's aggressive rally following last week's

dip back towards key WMAs, and now look for a close above 0.7315 to confirm a

break of the falling daily TL off Feb highs. Daily studies are well placed for

gains. As layers of support begin to accumulate bears now look for a close below

0.7276 to gain breathing room.

- AUDNZD bulls failed to capitalise on the close above the 21-DMA (1.0715)

following the bounce from '18 lows with the pair looking heavy once again. Bears

currently focus on 1.0464-1.0575 where the bear channel base and LT rising TL

off 2015 lows coming are located. Bulls now need a close above the 55-WMA

(1.0825) to hint at a shift higher.