AUD remains top of the G10 pile after the....>

AUSSIE: AUD remains top of the G10 pile after the RBA failed to allude to a more

neutral view on MonPol and left its cash rate unchanged. AUDUSD gained +50 pips

to extended react highs of $0.7265 with topside focus on the 200-dma at $0.7289,

a level not closed above since March. The $0.73 area should provide further

resistance which also holds the ytd Jan 31 high. AUDJPY improved to fresh ytd

highs of Y79.84, a break of the key Y80 level opens the 100-dma at Y80.23 ahead

of the 76.4% retracement level at Y80.87. EURAUD moved through the 200-dma

(A$1.5854) to extended pullback lows of A$1.5737, next support at A$1.5697 from

the 76.4% fibo of A$1.5347-1.6830. AUDNZD recovered the NZ$1.05 level to

NZ$1.0530, opening the 50 & 55-dma's at NZ$1.0536/46. AUDCAD cleared the 100-dma

(C$0.9479) to C$0.9520 with bulls targeting a break of the 200-dma & Jan 31 high

at C$0.9568/80. While AUDCHF cleared the 200-dma & 38.2 retracement level to

Chf0.7253, as highlighted in our MNI analysis email yesterday (AUDCHF -

Approaching Key Resistance - 1236GMT). One thing to note on the seasonality

charts is AUDUSD has registered gains in February, 14 of the last 17 years and

could prove supportive for the AUD complex.