AUD inching higher still in recent trade.....>

AUSSIE: AUD inching higher still in recent trade and extending the recovery back

above the $0.69 mark - pair now looks to break and close above the 200-dma for

first time since mid-December.

- Seems to be running counter to equity markets which stay soft and have done

over the past hour or so. Retail sales overnight (0.9% vs. Exp. 0.4%) were the

initial trigger overnight but nothing new to drive prices higher here - likely a

lot of shorts were set across the worst of the bushfire coverage at the

beginning of the week - could be positions being closed ahead of the weekend?

- Lower temperatures and scattered rain forecast across next week in

south-eastern, northern territories.