AUD/USD steady at $0.6761 after round........>

AUSSIE: AUD/USD steady at $0.6761 after round tripping from $0.6801 yesterday.

- Initial risk aversion linked to the designation of China as an FX manipulator

by U.S. Tsy applied some weight in early Asia-Pac trade on Tuesday before strong

NZ jobs data lifted the Antipodean FX. The major turnaround came as the PBoC

said they will auction CNH-denominated bills/fixed USD/CNY sub-CNY7.0. The

release of the widest Aussie trade surplus on record sustained the bullish tone

and the rate topped out just above the $0.6800 mark in early London trade.

- The second half of the day saw a sharp pullback into the WMR fix, which

resulted in AUD/USD closing just 5 pips above the open. The retreat took the

rate below the $0.6778 trendline, which shifts bearish focus to Monday's cycle

low/Jan 3 YtD low of $0.6748/41. Below opens the lower Bollinger band (2%) at

$0.6717. Conversely, bulls eye a move above the aforementioned trendline, which

would clear the way to the psychological barrier posed by $0.6800.

- Yesterday's RBA MonPol decision was rather uneventful, the cash rate stayed

unchanged as exp. Focus turns to comments from the Bank's Asst Gov Bullock

(today) and Gov Lowe (Friday), as well as the latest SoMP (Friday).