The release of ANZ business confidence.........>

KIWI: The release of ANZ business confidence survey out of New Zealand has

allowed NZD/USD to more than erase an earlier downleg, posted on the back of

U.S. Pres Trump's signing of the Hong Kong bill. The survey saw headline biz.

confidence index recover to -26.4 from -42.4, with activity outlook printing at

12.9 vs. the prior -3.5.

- NZD/USD last seen at $0.6426, now 7 pips higher on the day. Bulls look for a

push above the Nov 21 high of $0.6437 before setting their sights on the Nov 4

peak at $0.6466. On the flip side, a fall off the $0.6400 handle would encourage

bears to take aim at the $0.6378 trendline support.

- To recap, a firmer risk appetite failed to push NZD/USD higher yesterday, as a

stronger greenback made the rate slightly heavy. USD drew support from a round

of stronger than expected data prints (incl. GDP, durable goods, jobless

claims), which offset the impact of a few misses elsewhere. Month-end flows may

have also affected price action.

- The focus turns to New Zealand's building permits data and ANZ consumer

confidence survey, both due on Friday.