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AUD/USD oscillated with broader risk.........>

AUSSIE
AUSSIE: AUD/USD oscillated with broader risk appetite/USD themes on Tuesday,
registering a fresh cycle low of $0.7085 in the process, before a modest
recovery, last trading at ~$0.7115.
- Bears still look for a close below $0.7100 and the 1.618% swing target
($0.7092), which would open up the key $0.7000 psychological level. Bulls still
need a break back above $0.7305/10 to alter the short-term outlook in their
favour.
- The AU labour market report dominates the AU docket in the remainder of the
week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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