AUD/USD sits at $0.6843, little changed on...>

AUSSIE: AUD/USD sits at $0.6843, little changed on the day. The local Westpac

Consumer Confidence Survey comes out at the bottom of the hour, with Q3 wage

price index due later in the day.

- The rate struggled for a clear direction yesterday, as risk appetite gyrated.

A soft NZ 2-year inflation expectation survey applied weight to NZD, with a

spill-over to AUD. AUD/USD managed to recover into the European morning, but

sold-off immediately thereafter and failed to return into positive territory.

- Bears look for a dip through a (tentative) trendline support at $0.6830

towards the 50-DMA at $0.6818, which would draw attention to the Oct 25 low of

$0.6809. On the flipside, bulls need to retake the 100-DMA after the rate closed

below on Tuesday. A break here would open up the Oct 22 peak at $0.6883.

- Looking further afield, Thursday will see the key labour mkt report out of

Australia, as well as comments from RBA Asst Gov Bullock, while RBA Dep Gov

Debelle speaks on Friday. Today's MonPol decision from the RBNZ across the

Tasman Sea may be of interest as well.