AUD crosses spiked lower as Westpac..........>

AUSSIE: AUD crosses spiked lower as Westpac consumer confidence index slid to

98.8 from Feb's 103.8 (likely attributable, at least in part, to a reaction to

the latest GDP print).

- AUD/USD now trades 24 pips lower, last at $0.7058. Bears turn their attention

to the 100-HMA at $0.7048, followed by the lower Bollinger band (2%) at $0.7012.

Meanwhile, bulls look for a return above the 200-HMA/cloud base at $0.7061/68.

- AUD/NZD has fallen 22 pips and last sits at NZ$1.0301. Initial support noted

at the NZ$1.0300 figure, briefly breached upon the release, ahead of the lower

1.0% 10-DMA envelope at NZ$1.0273. On the topside, initial focus falls on

NZ$1.0355, where the rate peaked on Monday.

- AUD/JPY last trades at Y78.61, 25 pips worse off, with JPY supported by modest

risk-off flows. Bears look for a break below the 50-DMA at Y78.51 before

challenging the 55-DMA at Y78.40. Meanwhile, bulls look to Y78.92, which

represents the 21-DMA.