AUD took a hit as RBA Gov Lowe said that.....>

AUSSIE: AUD took a hit as RBA Gov Lowe said that the central bank will consider

the case for a rate cut at its next MonPol meeting. According to Lowe, a "lower

cash rate would support employment growth and bring forward the time when

inflation is consistent with the target."

- AUD/USD last seen at $0.6890, 18 pips lower on the day. Consolidation below

$0.6900 would shift bearish focus to $0.6872-66 zone, which hosts the 76.4% fibo

retracement of the year's range, the lower Boll band (2%) & the 1.0% 10-DMA

envelope. Bulls look for a return above the psychological figure.

- AUD/NZD last trades at NZ$1.0559, 13 pips worse off. Initial support noted at

NZ$1.0526, which represents the 50-DMA, while bulls continue to target the

psychological NZ$1.0600 level.

- AUD/JPY has wiped out its earlier gains and last trades at Y75.93, 10 pips

worse off. Bears target Y75.68, which represents the 50% fibo retracement of the

YtD range. Bulls need to clear Y76.00 before challenging Y76.39, where the rate

peaked yesterday.