*CORRECT* AUD/USD briefly knee-jerked........>

AUSSIE: *CORRECT* AUD/USD briefly knee-jerked higher after the release of a

wider than exp. Aussie trade surplus, which expanded vs. the upgraded prior

reading. Elsewhere, ANZ job adverts rose by 0.8% M/M, with the prior reading

revised higher to 4.9%. The rate last deals at $0.6784, 27 pips better off. The

technical picture outlined in an FX summary bullet a few minutes back remains in

play.

- AUD/NZD deals at NZ$1.0328, 21 pips worse off. As a reminder, the kiwi

received a boost from a particularly upbeat NZ labour mkt report. Bears look for

a fall below NZ$1.0300, with bulls targeting the trendline

support-turned-resistance at NZ$1.0355.

- AUD/JPY has rallied 53 pips, last sits at Y72.12. Bulls look for a break above

the lower Bollinger band (2%), which provides a layer of resistance at Y72.14. A

subsequent breach of the lower 2.0% 10-DMA envelope at Y72.47 would expose

Y72.62, where the rate peaked yesterday. Bears look to the Y72.00 mark.

- All eyes are on the RBA, set to deliver its MonPol decision later today.