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USDCAD TECHS

Fresh Lows Below 1.2062

AUDUSD TECHS

Extends This Week's Gains

JGB TECHS

(M1) Consolidating

EURJPY TECHS

Upside Extension Within Its Channel

US TSYS SUMMARY

Narrow Range Ahead April FOMC Minutes

AUSSIE

AUD/USD meandered through most of the day on Thursday, as a robust domestic labour market report helped the Aussie withstand pressure from a softening yuan and continued Sino-U.S. jitters. The rate dipped into the WMR fix, as USD picked up a bid on the back of some fresh combative rhetoric vs. China from White House's Kudlow. The rate finished lower, but well within its recent range.

  • AUD/USD trades flat at $0.7150. A break under Aug 3 low of $0.7077 would expose Jul 24 low of $0.7064. Bulls look for a rebound above Aug 5/7 highs of $0.7241/43, which would shift focus to Feb 2019 high of $0.7284.
  • Focus today turns to a parliamentary testimony from RBA Governor Lowe.
  • Next week's relatively light docket features RBA Aug meeting minutes , due Tuesday.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com