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

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, after a brief leg higher to $0.7267 on the

back of BBG reports noting that China is said to be planning a broad import tax

cut to go into play as soon as next month.

- This comes after AUD/USD gained for the 7th time in 8 sessions on Wednesday,

underpinned by firmer metals prices & CNY related rhetoric from Chinese Premier

Li with AUD firmly at the top of the G-10 scorecard.

- AUD/USD bulls are 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.