AUD/USD retained a heavy spell through.......>

AUSSIE: AUD/USD retained a heavy spell through Wednesday amid a surge in the

greenback, which drew support from better than expected new home sales data,

relatively hawkish comments from Fed's Evans and the escalation of political

uncertainty surrounding the impeachment probe into U.S. Pres Trump.

- A BBG headline stating that China is preparing to buy more U.S. pork brought a

brief sigh of relief in yesterday's Asia-Pac hours, before the rate resumed its

decline. Another uptick was noted as U.S. Pres Trump said that a trade deal with

China may come "sooner than you think." However, neither was enough to change

the broader bearish tone.

- AUD/USD is barely changed at $0.6753. Bears look for a drop below the 76.4%

retracement of the Sep 3-12 rally at $0.6737, after Wednesday's failure to test

the level as the rate bottomed out 2 pips above. Below there would open the

lower Bollinger band (2%) at $0.6708. Conversely, bulls look for a pullback

towards the psychological $0.6800 barrier.

- Today's job vacancies data concludes Australian releases for this week.