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AUD/USD last deals a couple of pips higher...>

AUSSIE: AUD/USD last deals a couple of pips higher at $0.7035.
- Commodity-linked FX struggled for most of Thursday's trading session. AUD/USD
eeked out a marginal, fresh year-to-date low of $0.7017 as a result, before Wall
St.'s recovery allowed the rate to edge back from worst levels.
- The aforementioned YtD low provides initial support, ahead of $0.7000, with
any breach set to turn focus to the Feb 09 2016 low at $0.6974. Conversely,
bulls look to break Thursday's intraday high of $0.7078, followed by the $0.7100
to open up the Dec 21/20 highs at $0.7123/49.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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