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AUD/USD last deals at $0.6943, virtually.....>

AUSSIE
AUSSIE: AUD/USD last deals at $0.6943, virtually unchanged on the day.
- The pair edged higher in yesterday's Asia-Pac session, amidst recovery in risk
appetite inspired by warmer rhetoric re: China from U.S. Pres Trump.
- In the wake of several failed attempts to breach $0.6960, the rate faded
through the London hours, touching a fresh multi-month low of $0.6935. A later
uptick only allowed the rate to close unchanged.
- Tuesday's failure to latch onto the broader recovery in risk sentiment and
generate any meaningful upside momentum kept the recent downtrend intact. Below
the aforementioned Tuesday's low of $0.6935 opens the lower 1.0% 10-DMA envelope
at $0.6920, ahead of the lower Bollinger band (2%) at $0.6903. Meanwhile, a
breach of the 100-HMA/200-HMA at $0.6973/87 would expose the $0.7000 mark.
- Australian Westpac consumer confidence survey and domestic wage data are due
later today, while RBA's Bullock speaks tomorrow. Main focus, however, will
likely fall on Aussie labour market data, due tomorrow. Today's Chinese data
releases will also provide interest.

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