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AUD/USD last trades at $0.7084, 20 pips......>

AUSSIE
AUSSIE: AUD/USD last trades at $0.7084, 20 pips better off on the day amidst
broader risk-on flows, while CNH's recovery vs. the greenback, stemming from a
move higher in Chinese equities (possibly linked to the back of Chinese fiscal
matters), also lent some support to the Aussie.
- Bulls continue to target the $0.7102/05 area, which represents the
21-DMA/cloud top and has remained intact overnight. Above here opens the 55-DMA
at $0.7128. Meanwhile, bears look to the cloud base/100-HMA at $0.7068/67. A
fall below would open up the 200-HMA at $0.7055.
- Focus next week's turn to the minutes from the RBA's most recent MonPol
decision, as well as the monthly labour market report, which is set to come
under increased scrutiny given the Bank's reliance on the labour market's
strength in supporting its view on the economy. The quarterly house price index
and vacancies data will also provide some interest. On the central bank front,
RBA's Kent and Bullock are due to speak during the week.

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