• NZD/USD surrenders 0.69 handle as weakness across the commodities’ space weighs on the kiwi.
   
• Heavy losses in its Oz counterpart post disappointing retail sales data also adds to the weaker tone.
   
• Focus on US factories and labour market conditions data due later today, while Tuesday’s GDT price index will also have major influence on the pair.
   
• The pair sees strong trendline support at 0.6871, breaks below could accentuate weakness, test of 0.6840 (Mar 30th lows) then likely.
   
• To the upside, the next resistance is located at 0.6892 (falling trendline), above which it could extend gains to 0.69 (psychological levels).