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AUD/USD trades flat at $0.6801 after.........>

AUSSIE
AUSSIE: AUD/USD trades flat at $0.6801 after adding 28 pips yesterday.
- A speech delivered by RBA Governor Lowe yesterday evening propped up the
Aussie, as investors focused on mentions of Australia's strong fundamentals and
expectation of a further pick-up in growth as the country has reached a "gentle
turning point." These remarks offset Lowe's declaration of preparedness to ease
policy further if needed. A weaker USD, coming under pressure of a possible
impeachment probe into Trump and U.S. President's combative rhetoric re: China
and tech giants, allowed AUD/USD to extend its earlier gains.
- The rate struggled to make much headway beyond the 61.8% retracement of its
Sep 3-12 rally at $0.6767 the last two sessions, bottoming at $0.6765 on either
day, which returns focus to the topside. Bulls look for the 50-DMA at $0.6825 to
give way before targeting $0.6831/32, which represents the Sep 17 low & Sep 19
high/38.2% retracement of the Jul 19-Aug 7 slide. Bears would be pleased by a
penetration of the aforesaid $0.6767-65 zone and the low of Sep 20 at $0.6760.
- Australian skilled vacancies data will be released later today, with job
vacancies coming up tomorrow.

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