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AUD/USD trades at $0.6855, little changed....>

AUSSIE
AUSSIE: AUD/USD trades at $0.6855, little changed ahead of the key Australian
labour mkt report. With the RBA focused on promoting full employment, jobs data
is certainly a factor to watch, especially after a bleak report from last month.
- The rate charted a Doji candlestick on Wednesday, after fluctuating within a
relatively tight, 25 pip range. Bulls look for a firm push above the 200-DMA at
$0.6906, which would bring the Dec 13 multi-month high of $0.6939 into view. On
the downside, the initial focus is on the 50-DNA at $0.6835. A break here would
expose the 100-DMA/psychological support & low of Dec 10 at $0.6807/00.
- Australian Dept of Industry published its Resources and Energy Quarterly
report, which (1) highlighted Australia's potential to become the world's no. 1
gold producer; (2) saw Australia poised to outpace Qatar as the top LNG
exporter; (3) predicted a drop in iron ore prices in '20; (4) warned of a 20%
decline in revenue from coal exports in '20 amid falling prices. The full report
can be accessed at http://tiny.cc/REQ.
- There are no more Aussie data releases scheduled for this week, but the PBoC
monthly LPR fixing will provide some interest tomorrow.

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