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AUD vs. USD demand noted from 0.7815 in......>

AUSSIE
AUSSIE: AUD vs. USD demand noted from 0.7815 in early dealing, with a stronger
than expected trade print allowing the cross to move to move to session highs
just shy of 0.7840. Fundamental risks events are speeches from RBA's Kent &
Debelle, while economic releases centre on confidence surveys.
- For AUDUSD focus is now on 0.7842-0.7910. Bulls still need a close >
0.7910,Hourly resistance Feb 20, to shift initial focus to 0.7989. Bears now
look for a close < 0.7753. Daily studies are well placed for gains.
- AUDJPY follow through is a little lacking with bulls still needing a close
above 83.32 to gain breathing room. Bears now need a close below 82.03 to gain
breathing room.
- For AUDNZD bears still look for a close below 1.0650, while bulls still need a
close above 1.0776 to gain breathing room and above the 55-DMA to hint at a move
targeting 1.1072-1.1139.
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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