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AUSSIE
AUSSIE: AUD crosses jumped on the back of the aforementioned APRA proposals re:
amending guidance on the serviceability assessments that authorised
deposit-taking institutions (ADIs) perform on residential mortgage loan
applications.
- AUD/USD last seen at $0.6924, 17 pips better off. Familiar technical picture
remains in play, with bulls targeting the 200-HMA at $0.6941, ahead of the
21-DMA at $0.6986.
- AUD/NZD has added 13 pips and sits at NZ$1.0586. Above NZ$1.0600 would expose
the NZ$1.0624, which represents the May 13 high & 50% fibo retracement of the
move from NZ$1.0725 to NZ$1.0522.
- AUD/JPY last deals at Y76.21, 18 pips higher on the day. Should it breach
yesterday's high of Y76.39, bulls would turn their focus to the upper 1.0%
10-DMA envelope at Y76.98. Bears look for a retreat through Y76.00 towards
Y75.68, which represents the 50% fibo retracement of the YtD range.

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