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AUD/USD stuck to a 13 pip range overnight,...>

AUSSIE
AUSSIE: AUD/USD stuck to a 13 pip range overnight, mostly trading slightly shy
of neutral levels amid concerns re: the aftermath of the Sino-U.S. phase-one
trade deal. Worth flagging that the rate gyrated between chunky option expiries.
A$996mn worth of options with strikes at $0.6875-80 & A$1.1bn worth of options
with strikes at $0.6900-15 are set to roll off at the 1000ET NY cut today. At
typing, the rate trades at $0.6899, marginally lower on the day.
- BBG cited a trader source pointing to the further unwinding of AUD/NZD shorts
& AUD/JPY sales in early Asia-Pac trade.
- A familiar technical picture remains in play. A dip through the 200-DMA at
$0.6890 would encourage bears to target the Jan 8 YtD low of $0.6849.
Conversely, bulls would be pleased by a clearance of the Jan 13 high of $0.6920,
which would give them some impetus.
- Australian housing finance data is due on Thursday.

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