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AUD/USD added ~30 pips overnight and last....>

AUSSIE
AUSSIE: AUD/USD added ~30 pips overnight and last deals at $0.7145.
- The rate posted an uptick in early Asia-Pac trade, as data-inspired NZD
strength seemingly spilled over into AUD, to an extent.
- Subsequent release of a strong Australian labour market report put a bid into
the Aussie, as it revealed that the unemployment rate fell to an 8-year low of
4.9%. This occurred against the backdrop of the RBA's particular concern with
domestic labour market. Worth noting, however, that participation rate ticked
lower, while change in employment missed exp. For our 5 THINGS piece see MNI
Main Wire at 03:43 GMT 03/21, or contact us for full access.
- The rate eased off of highs in the second half of the session.
- Bulls now look to the upper 1.0% 10-DMA envelope at $0.7160, which also
represents the 100-DMA. Above here opens the cloud top at $0.7172. Conversely,
bears look for a return below the 55-DMA/50-DMA at $0.7134/33 before challenging
the 100-HMA, located at the psychological $0.7100 figure.
- Tomorrow's Australian docket is rather thin and includes flash CBA PMI data.

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