AUD/USD was primarily driven by regional.....>

AUSSIE: AUD/USD was primarily driven by regional data releases overnight. A

strong AU private capex print allowed AUD to jump to the top of the G10 pile,

before initial enthusiasm faded somewhat, perhaps as participants realised that

the positive tone of the print might be a little more questionable under the

surface, as the component which feeds into GDP (equipment & machinery

investment) registered a relatively nominal increase. Still, the the print will

have provided a sigh of relief at the RBA after disappointing retail sales,

trade and completed construction work in Q4. The subsequent release of slightly

softer than exp. Chinese PMI figures dragged the pair back to unchanged levels.

- The rate last trades at $0.7143, 5 pips higher on the day. Worth highlighting

that A$1.43bn worth of options with strike prices between $0.7140-50 will roll

off at today's 10AM NY cut.

- Initial resistance noted at the 100-HMA, located at $0.7155, ahead of the

100-DMA at $0.7164. Conversely, bears need a break below the 55-DMA/50-DMA at

$0.7134/32 before challenging Monday's low of $0.7125.

- AU focus turns to AU m'fing PMI and Chinese Caixin m'fing PMI due Friday.