AUDUSD is an other CB meeting that will be...>

AUSSIE: AUDUSD is an other CB meeting that will be closely watched.

-Something rarely seen is the rate path is only pricing a 15% chance of a cut,

but yet the survey is going for a 25bps cut at their next meeting on the 4th of

Feb (including myself) to 0.5% from 0.75%.

** Technically, the AUDUSD supported by the macro view achieved it initial

target circa 0.6750-ish (mentioned couple of weeks ago).

-TODAY: The pair has just bounced off its low (traded 0.6722 low), but with the

continued contagion risk, and very much likelyhood of GDP revision downgrades,

further traction and momentum to the downside will open to 0.6710 and a clear

break will start to eye the 10yr low at 0.6671 (would expect to see some demand)