AUD continues to underperform and sits.......>

AUSSIE: AUD continues to underperform and sits bottom of the G10 pile with

losses of 0.60%. Renewed trade rhetoric and softer equities pressured the

crosses, AUDJPY extended its declines to Y79.06, the lowest levels seen since

November 2016. The underlying tone remains outright bearish opening a move

toward Nov 16 lows of Y76.79. AUDUSD eases to $0.7151 and seen approaching the

key $0.7145 level (Sep5 low(YTD low)/May24 2016 low), a break opens $0.7136

(76.4% $0.6827-0.8136). AUDNZD trades back under NZ$1.09 targeting the 100-dma

at NZ$1.0871, a break here opens NZ$1.0851/40 (YTD low Aug31, 200-dma). EURAUD

comfortably holds above A$1.6200 and sits just a few pips shy of the Nov2 2016

high at A$1.6252, a break here opens the potential of a rally to the 2015 highs

at A$1.6590.