The NZDUSD last trades down 15 or so pips......>

KIWI: The NZDUSD last trades down 15 or so pips around 0.7355, with the AUDNZD

cross having had a look above 1.0750, although it hasn't managed a clear topside

break as of yet, as less optimistic risk environment weighs on the commodity

currency space in Asia. 

- In terms of immediate risk events, market pricing looks for a flat reading to

1% gain in WMP prices at the upcoming GDT auction (due on Tuesday), although the

NZD has been hesitant to trade off of the auction in recent times. Friday will

bring the release of Q4 retail sales data, with Westpac expecting the figures to

show "that New Zealand households ended 2017 with a bang. We're forecasting a

1.4% gain in spending over the quarter. Monthly spending figures have shown

solid increases in core spending categories in recent months". 

- NZDUSD is hovering around support at present, with the next level of note to

the downside being 0.7328, hourly support from Feb 14. To the topside technicals

look to 0.7415, hourly support from Feb 16 & then the YtD high at 0.7438.

- AUDNZD is being capped by hourly resistance from Feb 14 at 1.0780, while

support in the pair lies at 1.0700, Friday's low.