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AUD/USD last trades at $0.7077, a touch......>

AUSSIE
AUSSIE: AUD/USD last trades at $0.7077, a touch lower on the day, with
Australian Westpac consumer confidence data due at the bottom of the hour.
- On Tuesday, the rate added a dozen pips, in line with modestly positive global
risk appetite. This came after Tuesday's Asia-Pac session saw the rate oscillate
around opening levels, as optimism re: Brexit & Sino-U.S. trade relations on the
one hand, and disappointing Australian data on the other, pulled in the opposite
directions.
- RBA Dep Gov Debelle spoke on Monday, his address focused on the impact of
climate change on economy.
- The initial bearish focus turns to the cloud base at $0.7068 and a fall
through that level would bring the 100-HMA, located a further 20 pips below,
into view. Meanwhile, bulls eye $0.7092/97, where the rate peaked on Mar 6/5,
ahead of the cloud top, situated at $0.7102.

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