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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

AUSSIE
AUSSIE: AUD underperformed overnight after the release of RBA's SoMP, which
affirmed Governor Lowe's neutral rates policy bias and trimmed the GDP growth
expectations (aggressively over the short-term). Aussie touched extended
pullback lows of $0.7061 and sits bottom of the pile at the European crossover.
Near-term support is seen at $0.7040 from the lower 2.0% 10-dma envelope, a
breaks brings the 50% retracement of $0.6741-0.7295 into view at $0.7018. AUDNZD
traded back under NZ$1.05 to NZ$1.0471 with near-term support at NZ$1.0450/60.
This level holds a series of previous lows & 38.2% retracement of
NZ$1.0106-1.0670. AUDJPY eased to Y77.44, opening a move toward the Y77.00 level
(Y77.08 - Jan 10 low). EURAUD extended the rally to A$1.6060 which has seen the
cross break the 100 & 200-dma's and register gains of over 2% on the week.