AUD comes under some pressure ahead of the...>

AUSSIE: AUD comes under some pressure ahead of the release of Aussie CPI data at

the bottom of the hour. Below gives the state of play on the technical front:

- AUD/USD deals at $0.6864, 9 pips below unchanged levels. Following the breach

of $0.6872, the 76.4% Fibonacci retracement of the YtD range, the rate rests

upon support from the lower Bollinger band (2%). Below here opens the Jun 18

cycle low of $0.6832.

- AUD/JPY has dropped 14 pips and sits at Y74.50. Bears look for a move through

the 76.4% fibo retracement of the YtD range, which comes in at Y74.49. This

would shift bearish focus to the Y74.00 mark and the cycle low of Y73.93. Bulls

target Y75.00, ahead of Y75.20, which capped gains on Mon & Tues.

- AUD/NZD last seen at NZ$1.0403, 10 pips better off. The kiwi took a hit from a

softer NZ ANZ biz. confidence reading. Bulls look to the 21-DMA at NZ$1.0451.

Meanwhile, a dip through the nearest round figure would open the Jul 22 low of

NZ$1.0386, where the pair bottomed earlier today. Below would expose the Mar 20

peak at NZ$1.0375.