AUDUSD closed above its 100-dma for the......>

AUSSIE: AUDUSD closed above its 100-dma for the first time since mid-April

yesterday, further cementing the recovery. Four consecutive sessions of gains

has seen the rate extend to $0.7044, before stalling ahead of the bull trigger

at $0.7048. It's also worth noting weekly implied volatility is low for AUDUSD

which could see topside gains limited.

- AUDJPY trades 5 pips either side of the 76.00 handle with topside focus on a

break of 76.25/35 which has provided a series of previous highs.

- AUDNZD breached trendline support drawn off the Mar 25 low, this comes in

today at NZ$1.0450 and remains key at the close. Further support is located at

NZ$1.0427 from the Jul 1 low.

- AUDCHF improved to Chf0.6937, before meeting headwinds ahead of the key

Chf0.6940/50 area which holds a series of previous highs, 55-dma & 38.2%

retracement level of the Apr-Jun fall.

- EURAUD posted its fourth consecutive session of losses to close below its

100-dma for the first time since Apr 30. The downtrend extended to A$1.5988 with

next support at A$1.5976 from the 61.8% retracement of the Apr-Jun rally.