AUD extends gains as risk-on flows across....>

AUSSIE: AUD extends gains as risk-on flows across the G10 FX space have

intensified. Spot AUD/USD posted another leg higher upon the breach of the

psychological $0.6700 barrier after taking out resistance from Mar 9 high of

$0.6685. With the pair trading +60 pips at $0.6726, bulls look for a break above

the nearby upper 2.0% 10-DMA envelope at $0.6741 before targeting Feb 5 high of

$0.6774.

- AUD/NZD sits +37 pips at NZ$1.0786, with all eyes now on May 18 peak at

NZ$1.0844. 

- AUD/JPY has cleared its 200-DMA at Y72.12 and operates +52 pips at Y72.44, the

best level since late Feb. Further gains past the upper 2.0% 10-DMA envelope at

Y72.58 would expose the round figure of Y73.00.

- China's Caixin M'fing PMI is due shortly and remains the immediate point of

interest.