The NZD has outperformed its Antipodean........>

KIWI: The NZD has outperformed its Antipodean cousin thus far, although NZDUSD

hasn't managed to breach 0.7300.

- NZ Q4 completed construction work came in ahead of estimates earlier on, with

Q4 Manufacturing activity, Current A/c & GDP data all due over the next week or

so.

- In the short term the NZ$760mln worth of 0.7300 NZDUSD option expiries at

Wednesday's 10AM NY cut will provide a focal point for traders.

- For the NZDUSD A bullish key day reversal emerged after the bounce from ahead

of the 200-DMA at 0.7176. Bulls now look for a close above $0.7385 to target

$0.7438-0.7558 where 2018 & 2017 highs are situated. Layers of support are

accumulating as daily studies correct from modestly O/S. Bears now need a close

below $0.7252 to ease renewed bullish pressure.

- AUDNZD is back below 1.0700, with immediate focus on the YtD lows of 1.0650.

Bulls now need a close above 1.0776 to gain breathing room and above the 55-DMA

to hint at a move targeting 1.1072-1.1139.