RBNZ as universally expected remained on.......>

KIWI: RBNZ as universally expected remained on hold and in their accompanying

statement said, ' A lower Kiwi would help to increase tradable inflation and

deliver more balanced growth, again largely expected. However, RBNZ did hint to

a possible growth risk going forward. Overall, investors remain in sell-rally

mode with local political uncertainty a major headwind. Post-RBNZ, the

flightless bird has fallen modestly from around $0.7222 to a low so far of

$0.7197. Resistance is being found near to the 100-dma, currently at $0.7241,

while hourly support is found at $0.7183. Kiwi was last at $0.7205