AUD/USD trades unchanged around $0.7340......>

AUSSIE: AUD/USD trades unchanged around $0.7340 after the RBA offered little new

for participants to act on in its latest MonPol decision.

- The RBA left its cash rate unchanged at 1.50% as was universally expected.

- The Bank noted that the AUD has depreciated a bit, but remains within the

range observed over the last 2 years.

- The most notable comments were around domestic money markets & lending

standards, with a brief mention of the Sydney & Melbourne housing markets.

- Initial support for AUD/USD comes in at $0.7311 (YtD low), with resistance

noted at $0.7365 (Alternating hourly support /resistance).

- Nearby notable AUD/USD option expiry interest at today's 10AM NY cut comes in

the form of: $0.7395-0.7400(A$808mn).

- AUD/NZD trades above NZ$1.0943 (descending channel resistance off the Nov 17

high) at NZ$1.0955. A hold and close above the aforementioned level is needed to

open up the next leg higher, opening a move toward NZ$1.0984 which represents

the 61.8% long term retracement of the move from NZ$1.1291 to NZ$1.0488.