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AUD/USD last seen at $0.7088, a touch........>

AUSSIE
AUSSIE: AUD/USD last seen at $0.7088, a touch lower on the day, ahead of the
release of Australian consumer inflation expectations, due at the top of the
hour.
- The rate added a dozen pips Wednesday, tracking broader risk sentiment. Worth
mentioning that the middle of yesterday's Asia-Pac session saw the pair tick
away from worst levels, as ANZ said that they exp. the RBA to keep its cash rate
unch. through 2019 and 2020.
- A subsequent pullback towards fresh intraday lows was followed by a bounce on
the back of a recovery in broader risk appetite.
- Initial resistance noted at the cloud top, located at $0.7102. Above here
opens the 55-DMA at $0.7127. Meanwhile, bears look for a fall below the cloud
base at $0.7068, ahead of the 200-HMA/100-HMA at $0.7058/57.
- A batch of Chinese activity data, due later today, will also provide some
interest for participants.

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