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AUD Awaits Comments From RBA's Debelle

AUSSIE

AUD/USD picked up a bid Wednesday and climbed to its best levels in a week, with focus still on the ebb and flow of duelling U.S. fiscal headlines, which indicated progress in talks between House Democrats & the White House, but left some questions re: prospects for support from Senate Republicans unanswered.

  • The rate last deals at $0.7119, little changed on the day. A break above Wednesday's high of $0.7137 would turn focus to Oct 15 high of $0.7170. Conversely, a fall through Oct 20 low of $0.7021 would open up the bear trigger & Sep 25 low at $0.7006.
  • A speech from RBA Dep Gov Debelle (due at the bottom of the hour) and Quarterly NAB Business Confidence Survey headline the Australian docket today. Friday will see the release of flash CBA PMIs.
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