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Aud/Usd: Dec4 close $0.7593, Dec5....>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: Dec4 close $0.7593, Dec5 Asia range $0.7597-0.7654,
Europe $0.7636-52
*Strong Australian Retail Sales (0.5% vs MNI median 0.3%) provided the early
appetite in Asia, Aud/Usd lifted from $0.7608 to $0.7646 on react
*The RBA left rates unchanged at 1.5% for the 15th consecutive month. The
prepared text was seen mildly hawkish after it revealed optimistic prospects of
wage growth, however did raise continued concerns over household consumption
*Late demand via the crosses squeezed to $0.7654, but soon faded
*The European morning session was a quiet affair, trade volumes remained light
tied to a narrow $0.7636-52 range
*Strong resistance is reported to build on approach to $0.7700 ($0.7693
200-dma). Support at $0.7611/97 (21-dma, Asia low). Aud/Usd last $0.7641.

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