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AUD/USD has stuck to a tight range in........>

AUSSIE
AUSSIE: AUD/USD has stuck to a tight range in early dealing, last ~$0.7205,
consolidating just above the figure after coming under pressure on Thursday.
- Renewed USD demand kept the pair's broader downtrend intact Thursday with
bears targeting a break of the $0.7200 level. Through here brings the Sep 11 YTD
low ($0.7085) back into play. Bulls need a close above the 55-DMA ($0.7294) to
improve their short-term outlook.
- AUD traders now look to next week's RBA MonPol decision, AU trade data &
retail sales. It is also worth noting that RBA's Heath will speak next week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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