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AUSSIE: AUD/USD broke to fresh cycle lows ($0.7074) on Thursday against a
backdrop of a stronger USD & continued pressure on AU/U.S. yield differentials,
while a weak session for global equities, a harder line of U.S.-China rhetoric,
as well as a leg lower in copper added further weight.
- Recovery efforts have so far held shallow, bringing the psychological $0.7000
level into play which is reported to hold option-related support. Conversely,
bulls need to take out the 21-DMA followed by $0.7200 to alter the technical
- AU retail sales data headlines the local docket today.