AUD went from the top to the bottom of G10...>

AUSSIE: AUD went from the top to the bottom of G10 in quick succession

overnight, a solid labour market report was countered by NAB's variable rate

mortgage hike which saw AUDUSD retrace off highs of $0.7167 to $0.7123. The

downtrend continued through Europe, touching extended pullback lows of $0.7095.

AUD is currently generating outright bearish momentum, according to the MNI FX

Technical Signal Monitor. Near-term support is seen at $0.7046 which represents

the 38.2% retracement of 38.2% 0.6741-0.7235. AUDJPY dipped back under Y78.00 to

Y77.81 with downside focus on a break of the 21-dma at Y77.73. AUDNZD further

extended declines to NZ$1.0475, targeting the Jan 4 low at NZ$1.0460. AUDCAD

dips under triangle support to C$0.9474 (See MNI Analysis email Jan 22 -

1328GMT) and seen approaching the 100-dma at C$0.9466, below here targets the

50% retracement level of C$0.9105-0.9784 & Jan 4 low at C$0.9445/31.