NZDUSD has benefitted from the broader based...>

KIWI: NZDUSD has benefitted from the broader based moderation in the USD during

early Asia-Pacific hours, adding around 10 pips to trade at ~0.7005. AUDNZD has

added 15 or so pips to trade at 1.0727, with AUD outperforming on the better

than exp. domestic data releases.

- Focus now moves to next week's RBNZ MonPol decision, and the release of the NZ

Budget in 2 weeks time.

- NZDUSD's immediate bearish focus remains on the low from December 20 2017

(0.6952), although the Bollinger base (0.6928) and oversold studies remain the

key issues for bears. Layers of resistance remain with bulls now needing a close

above the high from May 01 (0.7040) to gain breathing room.

- AUDNZD's Topside hesitation is less than ideal for bulls with daily studies

correcting from overbought levels. Bears continue to look for a close below the

55-DMA (1.0663) to gain breathing room. While the 55-DMA supports bulls hold the

advantage with focus currently on 1.0780-1.0894 where key DMAs, WMAs and the

bear channel top are situated.