AUD continues to struggle amid the...........>

AUSSIE: AUD continues to struggle amid the backdrop of souring risk appetite as

another set of disappointing data was released, AU Trade Balance missed

expectations coming in at $2.3bn, prior $2.9bn. In other news Terry McCrann a

well respected observer from the Herald Sun wrote, "we could see a seminal shift

in the RBA's rhetoric at its first meeting back in February, not only formally

burying the hike that's been somewhere in the future for two years now, but

opening the door in the opposite direction." RBA Deputy Governor Debelle is due

up this morning at 0905GMT and will be giving a speech in Sydney. AUDUSD remains

bottom of the G10 pile with losses of 0.49% intraday and -1.73% on the week. A

close today below the 100-dma at $0.7239 would give bears the upper hand

targeting a break of the 0.72 level & 50-dma support at $0.7185. Also a worthy

reminder of some very large expiries tomorrow which could anchor.

$0.7250(A$4.44bn), $0.7260(A$1.59bn), $0.7300(A$1.16bn). AUDUSD last $0.7230.