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Commodity based currency pairs fared well....>

AUSSIE
AUSSIE: Commodity based currency pairs fared well overnight, Aud/Usd extended
its slow grind higher throughout the session to $0.7780 and holds firm into
Europe. The bi-annual Financial Stability Review (FSR) was seen balanced with
risks from the Chinese economy and household debt countered by remarks that the
financial system is resilient, banks well capitalised and profitable. The
100-dma provides next resistance at $0.7791, a break of $0.7800 could trigger
renewed momentum to challenge the 200-dma at $0.7815. Support at $0.7753/38
(Intraday, Apr12 low).  

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