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AUD/USD registered a session high of.........>

AUSSIE
AUSSIE: AUD/USD registered a session high of $0.7271 early Thursday as the
uptick in NZD/USD post NZ-GDP data supported the cross, before AUD/NZD sales
capped. The rate last deals at $0.7260.
- AUD/USD gained for the 7th time in 8 sessions on Wednesday, underpinned by
firmer metals prices with AUD firmly at the top of the G-10 scorecard. AUD's
initial rally in Asia, stemming from CNY related comments from Chinese Premier
Li, spilled through to the European & U.S. sessions, with AUD/USD bulls eying
the 50-DMA ($0.7310). Meanwhile, bears look for a move back below $0.7200 to
open up the YtD low ($0.7085).
- Morgan Stanley have suggested that the AUD/USD rebound will offer a selling
opportunity near $0.7370/0.7420.
- The AU docket is somewhat limited over the next week or so, so the AUD will
likely take cues from the broader risk tone.
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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