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AUD underperformance spilled over into.......>

AUSSIE
AUSSIE: AUD underperformance spilled over into Europe on extended react to the
overnight dovish RBA minutes which saw significant uncertainties on the economic
outlook and concerns surrounding housing/consumption. AUDUSD recovery efforts
have so far remained shallow with AUDUSD holding toward the base of its
$0.7107-44 range. The 38.2% retracement of 0.6741-0.7295 provides near-term
support at $0.7083, a break opens the cloud top & Feb 12 low at $0.7068/54.
- EURAUD comfortably holds above the 200-dma ($A1.5857) with bulls targeting a
topside break of A$1.59 to bring the 100-dma into view at A$1.5923.

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