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CHINA RATES

China Repo Rates Drop Thursday

CHINA PRESS

PBOC to Further Promote Green Finance: Xinhua

CHINA PRESS

Holiday Boom Strengthens China's Confidence: Times

AUSSIE 10-YEAR TECHS

(M1) Pressures The 50-DMA

AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

KIWI
KIWI: The Asia-Pacific session saw NZD/USD add 6 pips. The release of a narrower
than exp. Chinese trade surplus, accompanied by a particularly weak breakdown,
knocked the kiwi from the top of the G10 pile, but failed to drag it towards the
lower end of the G10 currency table, as stronger than expected NZ building
construction work put into place seemingly provided support from the off.
- A familiar technical picture remains in play. Bulls continue to eye the
100-DMA at $0.6777 and a break above would shift their focus to the 50-DMA at
$0.6799. Meanwhile, bears look to the 200-DMA & Thursday's low/lower 1.0% 10-DMA
envelope at $0.6745/44. A fall through that level would open up the Feb 12 low
of $0.6720.
- NZ focus next week will fall on domestic food prices due Wednesday and
BusinessNZ m'fing PMI due Friday.