The flightless bird opened in Asia at..........>

KIWI: The flightless bird opened in Asia at $.0.7170 toward the upper side of

the $0.7122 to $0.7197 range witnessed Friday, where weaker-than-expected US CPI

placed the US dollar on the back foot. Locally, New Zealand First will today

begin its deliberations to choose the next Government, however, a decision is

not imminent, with Peter's saying, "It could go into the night and a decision

will be made public soon afterward." China Sep CPI (0130GMT) provides the risk

hurdle for the session, expectations are for 1.6% m/m, down from 1.8% last.

Resistance currently holds at $0.7197 (38.2% fib $0.7433 to $0.7051 decline), a

break to expose $0.7242 (50% fib on the same move), while hourly support is

located just above $0.7130.