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AUD/USD trades 25 or so pips softer at.......>

AUSSIE
AUSSIE: AUD/USD trades 25 or so pips softer at $0.7380, with the cross generally
tracking the broader USD tone, although the slowing Chinese manufacturing PMI
surveys did little to help the AUD's cause.
- The cross briefly topped $0.7409 (High June 29) in early dealing, before
fading, with support noted at $0.7365 (Hourly resistance June 27 now support).
- Participants look to tomorrow's RBA MonPol decision, with no change expected
focus will fall on the rhetoric employed by the central bank. Elsewhere
Australian trade and retail sales data provide points of interest throughout the
week.
- Nearby notable option expiry interest at today's 10AM NY cut comes in the form
of: $0.7300(A$903mn)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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