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AUD/USD last $0.7103, barely changed on......>

AUSSIE
AUSSIE: AUD/USD last $0.7103, barely changed on the day, after nose-diving
Wednesday, closing 129 pips lower on the day. 
- AUD sat at the bottom of the G10 FX table in the wake of RBA Gov Lowe stating
that the interest-rate outlook is now more evenly balanced and noted that the
Bank is in a position whereby it can maintain its current MonPol settings and
assess the impact of changes in the global economy and domestic household
spending. Broader USD strength and a soft NZ labour market report added some
further pressure to the pair later in the day. 
- Bears look for a break below the lower Bollinger band (2%) at $0.7089 before
attempting a move at $0.7050, which represents the lower 2.0% 10-DMA envelope.
Meanwhile, bulls need a break above the cloud base at $0.7144 before challenging
the 50-DMA at $0.7161. 
- RBA's SoMP due Friday provides the focal point during the remainder of this
week, as it is exp. to confirm a neutral rate-guidance & slightly lower AU
inflation/GDP forecasts alluded to in yesterday's speech from RBA Gov Lowe.

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