[NZD/USD]

[NZD/USD] still finding that extra lift despite the oversized pullback for Eur/Usd, but a bid that will be strenuously tested this week given the run of key data, headlined by GDP. Intraday players are sitting long Kiwi as well with stops in evidence through 0.5600, whilst strong offer are tipped around 0.5700. Decent tech related support also seen lower in Aud/Nzd at 1.2200 (05 Jan previous high) with the 200 day moving average also seen at 1.2205. Chances for a base then and an offer to the Kiwi which you would assume could well follow data that could confirm a contraction of at least 1% qoq, (2% yoy), and despite a narrowing, still place emphasis on NZ's current account deficit.