A pull back in regional stocks and an in.....>

AUSSIE: A pull back in regional stocks and an in line with exp AU wage price

index release has seen AUD/USD move back to unchanged levels of $0.7219, as the

USD regains some poise.

- The rate traded as high as $0.7238 in early Asia dealing, as positive

headlines re: Brexit matters seemingly being approved by the UK cabinet did the

rounds in the UK press, before the move faded to a degree, with familiar

questions re: UK parliament ratification still in play.

- The pair had benefitted from USD weakness & warmer U.S.-China trade tones on

Tuesday.

- Rate remains someway above its 50-DMA & broken down trendline

resistance-turned-support from the Feb highs at $0.7160/50, which keeps the

recovery intact for now. However, a break below this area would return the focus

to the downside and the Oct 26 low at $0.7021. Bulls look to take out the

$0.7300 level which has so far proved hard to overcome and is growing in

importance.

- Focus turns to Thursday's AU labour market report.