AUD/USD hit a high of $0.7235 post-RBA on....>

AUSSIE: AUD/USD hit a high of $0.7235 post-RBA on Tuesday, due to the lack of

any fresh dovish hints in the statement, before the broad USD demand/EM worry

pressured the cross back below $0.7200, registering a fresh cycle low of $0.7157

in the process. The rate last deals at $0.7182.

- Comments from RBA Gov. Lowe during the NY crossover on Tuesday offered little

fresh insight as he noted that the next move in the cash rate is likely to be

up, pointing to healthy growth supported by a strong global economic expansion.

Lowe also noted that any move in the cash rate seems some way off given the

economy's gradual progress.

- Recovery efforts continue to hold shallow suggesting the downtrend remains

intact with immediate focus on the May 24 2016 low ($0.7145). A move below here

would likely accelerate the move toward the 1.618% swing target ($0.7092), ahead

of the key $0.7000 psychological level. Bulls need a break back above $0.7305/10

to alter the short-term outlook.

- AU GDP data headlines today, with consensus looking for a reading of +0.7% Q/Q

& +2.8% Y/Y, against prior readings of +1.0% & +3.1% respectively.