The kiwi has been pressured by a miss in NZ....>

KIWI: The kiwi has been pressured by a miss in NZ Q4 GDP data (+0.6% Q/Q VS MNI

median +0.7%). NZDUSD trades at 0.7315 last (low 0.7304), while AUDNZD trades at

1.0765 (high 1.0785).

- In NZDUSD bulls took comfort in the aggressive break of the 21-DMA (0.7301)

although topside follow through remains lacking. In saying that, the run of

higher daily lows adds to bullish confidence and sees focus on 0.7436 2018

highs. Initial support is noted at 0.7307 but bears need a close below 0.7285 to

ease renewed bullish pressure.

- AUDNZD continues to track sideways as the Bollinger bands narrow and increase

the likelihood of a breakout in the near future. Bears need a close below

1.0700, while bulls now need a close above 1.0894 to confirm breaks of 55 &

200-DMAs.