AUSUSD has stuck to a tight range thus.......>

AUSSIE: AUSUSD has stuck to a tight range thus far, to trade 5 pips softer at

0.7570, ignoring the stronger than expected official Chinese PMI dataset.

- Bears failed to capitalise on the close below the 21-DMA with Wednesday's

rally and close back above the 21-DMA (0.7530) returning focus to the

0.7590-0.7644 region where the 55-DMA and falling daily trend line are noted.

Bears again look for a close below the 21-DMA to gain breathing room and add

weight to the case for a test of 2018 lows.

- Traders await the release of the Australian CapEx data at the bottom of the

hour.

- It is also worth noting the sizable nearby option expiries set to roll off at

today's 10AM NY cut: $0.7400-05(A$1.65bnn), $0.7490-00(A$1.45bn),

$0.7520(A$1.05bn), $0.7530(A$923mn), $0.7600-05(A$1.86bn)