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As European traders arrive, AUD takes........>

AUSSIE
AUSSIE: As European traders arrive, AUD takes another leg lower to the $0.7300
level on extended react to Westpac's move to raise its standard variable home
loan rate by 14bps to 5.38%. With housing still the RBA's main concern this will
not support the industry, leaving the RBA on hold for longer. Low print of
$0.7304, near-term support seen at $0.7292/71 (50%/61.8% $0.7203-0.7381). AUDJPY
moves through the 21-dma to Y81.17. A break of Y81.00 opens Y80.75 which
represents the 50% retracement of Y79.70-81.79. AUDNZD currently testing
double-bottom support, last NZ$1.0908. While EURAUD extends to 3-month highs of
A$1.5985.  

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