A slight miss for the Q4 Q/Q wage price......>

AUSSIE: A slight miss for the Q4 Q/Q wage price metric, which printed at 0.5%

vs. exp. & prev. 0.6%, while the Y/Y reading met consensus, holding steady at

2.3%, which represents a marginal miss vs. the RBA's exp. of 2.4%.

- AUD/USD has dropped 11 pips, breaching its 100-DMA, and last sits at $0.7154.

Bears turn their focus to the 21-DMA at $0.7151, followed by the 50-DMA at

$0.7144, while bulls look for a return above the aforementioned 100-DMA at

$0.7161.

- AUD/NZD last deals at NZ$1.0408, almost unch. on the day. Bears need a fall

through yesterday's low of NZ$1.0390 before challenging the Feb 14 low of

NZ$1.0369. Meanwhile, the initial bullish target is provided by NZ$1.0430, where

the rate peaked yesterday. A break above would open up the 21-DMA at NZ$1.0475.

- AUD/JPY last trades at Y79.21, 5 pips lower on the day, Initial support noted

at Y78.77, which represents the 55-DMA. A break below would bring the 21-DMA at

Y78.65 into play. Meanwhile, bulls eye the upper 1.0% 10-DMA envelope at Y79.34.

The next layer of resistance above is provided by the 100-DMA at Y79.86.