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AUD/USD has ticked higher, last trading 20...>

AUSSIE
AUSSIE: AUD/USD has ticked higher, last trading 20 or so pips better off, just
shy of $0.7430, aided by a strong domestic building approvals print and flows
stemming from the AUD/NZD cross after the softer NZ ANZ business confidence
release, with a source pointing to an Asian macro fund buying AUD/NZD.
- The Aussie also managed to shrug off the slowing Chinese PMIs.
- Clustered resistance is noted at the July 26 & 25 highs $0.7463-64, while
support is noted at yesterday's low ($0.7386).
- The AU trade balance & retail sales releases provide the AUD risk events this
week, ahead of next week's RBA MonPol decision.
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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