Trial now
USDCAD TECHS

Bears Strengthen Grip

AUDUSD TECHS

Consolidating Above Support

EURJPY TECHS

Corrective Cycle

AUSSIE
AUSSIE: AUD/USD has stuck to a narrow range in early Asia-Pacific dealing, last
$0.7190.
- The risk averse theme on Tuesday & lack of hawkish utterances in the RBA's
statement that accompanied its MonPol decision pressured AUD/USD back under
$0.7200 to keep the recent downtrend intact. The close below $0.7200 brings the
September 11 YTD low ($0.7085) into play, ahead of the psychological $0.7000
level which is reported to hold option-related support. Bulls need to reclaim
the $0.7200 level and close above the 50-DMA ($0.7276) to improve their
short-term outlook.
- AU interest now turns to retail sales and trade data due later this week, as
well as an address from RBA's Heath, local building approvals data provides
limited interest later today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com