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USDCAD TECHS

Bears Strengthen Grip

AUDUSD TECHS

Consolidating Above Support

EURJPY TECHS

Corrective Cycle

AUSSIE
AUSSIE: AUD/USD last trades back at unch. levels of $0.7187 after the rate
garnered some respite from the latest round of headlines surrounding the Italian
fiscal situation and the ensuing risk on flows, hitting a reaction high of
$0.7197.
- This came after big misses vs. exp. in the latest round of AU building
approvals data, alongside broader risk aversion, pressured the rate in early
dealing.
- Bulls need to reclaim $0.7200 and the 21-DMA in place just above the figure to
provide a degree of stabilisation, before attempting to move towards the
September 28 high ($0.7241)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com