WELLINGTON/SYDNEY, Nov 26 (Reuters) - The Australian and New Zealand dollars were close to three-week highs on Monday as hopes that an aid agreement will be reached soon for debt-stricken Greece bolstered risk sentiment and demand for higher-risk assets.

* The Aussie at $1.0453 after it had hit a high of $1.0470 in Friday's offshore session, and well above the local late level of $1.0394.

* Support for the Aussie seen around $1.0400, below that at $1.0375, the 100-day moving average. Initial resistance at $1.0480 ahead of $1.0500.

* The kiwi at $0.8230, just below Friday's offshore peak of $0.8250 and the late local level of $0.8166.

* Support initially around $0.8200 and then $0.8185, with first hurdle at $0.8250, the overnight high, then $0.8287.

* Global stocks and the euro gained on Friday on signs of progress in talks on releasing aid to Greece and after an influential German survey found business sentiment had improved in Europe's largest economy.

* Greece says the International Monetary Fund has relaxed the debt-cutting target for the country, suggesting lenders are closer to a deal for a vital aid tranche, but other sources involved in the talks caution the funding gap is far bigger than suggested.

* Euro-zone finance ministers, the IMF and the European Central Bank (ECB) will make a third attempt at resolving the issue on Monday.

* Euro extends Friday's gains to trade at a three-week high around $1.2960, and at a seven-month high against the yen at 106.93 yen.

* German business morale surprised with its first rise in seven months in November. The Ifo business climate index rose to 101.4 from 100.0 in October, far surpassing even the highest estimate in a Reuters poll.

* The Aussie and New Zealand dollars extend their gains against the yen to touch seven-month highs. The Aussie hit 86.12 yen, the highest since early April, from Friday's 85.49 yen. Last trades at 86.07.

* The kiwi hits a seven-month high of 67.99 yen from Friday's 67.12, before settling back at 67.73.

* Australia and New Zealand have a sprinkle of mostly second tier data this week. Main item for Australia is third-quarter business investments data on Thursday. Forecasts are for a 2 percent gain, following a solid rise of 3.4 percent the previous quarter.

* However, any weakness in the data may raise the chances of a December interest rate cut by the Reserve Bank of Australia. Markets put around 50-50 chance of a 25 basis-point cut in the official cash rate to 3 percent in December.

* New Zealand's most closely watched release this week likely to be the Reserve Bank of NZ's survey of inflation expectations on Tuesday, particularly the two-year read, which is regarded as the central bank's policy timeframe. Other data includes overseas trade and building.

* Australian government bond futures largely flat, with the three-year contract down 0.01 points at 97.260 and the 10-year contract steady at 96.780.

* New Zealand government bonds trade with the hint of an offered tone.

Keywords: MARKETS AUSTRALIA NEWZEALAND/FOREX

(Australia/New Zealand bureaux)(+61 2 9373 1800/+64 4 802 7980)

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