AUD/USD is steady at $0.6882, with...........>

AUSSIE: AUD/USD is steady at $0.6882, with Australian PMI prints from CBA coming

up at the top of the hour.

- The pair closed virtually unchanged on Wednesday, after fluctuating through

the day. A slide in Asia-Pac hours occurred as APRA suggested that it considers

raising capital requirements on some financial institutions, while the press

reported that the U.S. weighs blacklisting up to 5 Chinese surveillance

companies. Early London trade brought some respite, but the upside momentum

faded ahead of $0.6900, amidst lack of any positive signals re: the China-U.S.

trade situation, and the rate eased back towards neutral levels.

- Bears target $0.6872, which represents the 76.4% fibo retracement of the YtD

range, and which provided a layer of support on Wednesday. Below here would open

$0.6866/65, where the rate registered its multi-month lows recently. Bulls look

for a move through the downtrend resistance at $0.6918, ahead of the post

election highs at 0.6938.