AUD crosses are drawing support from a.......>

AUSSIE: AUD crosses are drawing support from a particularly strong round of

domestic data releases. Australian trade surplus rose to A$4.801bn from the

prev. A$4.351bn and vs. exp. of a decline to A$3.700bn. Meanwhile, retail sales

printed at +0.8% M/M vs. the prior +0.1% and the forecasted +0.3%.

- AUD/USD last trades at $0.7095, 24 pips better off. A break above the

50-DMA/55-DMA at $0.7118/22 would open up Monday's high of $0.7132. Conversely,

bears look for a pullback towards $0.7053/55, which limited losses yesterday and

today.

- AUD/NZD last at NZ$1.0482, 17 pips higher, with bullish focus turning to the

100-dma at NZ$1.0494, ahead of the psychological NZ$1.0500 level; bears eye the

50-DMA at NZ$1.0422.

- AUD/JPY last seen at Y78.86, 14 pips higher on the day, despite ebbing lower

initially on the back of a modest risk-off feel observed earlier in the session.

Bulls look for a breach of the 100-DMA at Y79.34, while bears target the nearby

50-DMA at Y78.76