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*CORRECT* AUD/USD has breached the $0.7000...>

AUSSIE
AUSSIE: *CORRECT* AUD/USD has breached the $0.7000 barrier, now trades 10 pips
worse off at $0.6995.
- Some pressure may have been added by deceleration in Australian CBA services
and manufacturing PMIs, which printed at 51.9 and 51.4 vs. the prior readings of
52.6 and 52.0 respectively.
- While both PMIs remained in expansionary territory, CBA noted "a slight
retreat in growth momentum in business activity" this month.
- Just after the London midnight APRA said that Macquarie, as well as local
units of Rabobank and HSBC, were "improperly reporting the stability of the
funding they received from other entities within the group" and are required to
strengthen intra-group arrangements to ensure that they could withstand a
scenario of financial stress.
- The key $0.6996-94 zone, which hosts a congestion of recent highs & lows,
continues to provide support. As flagged before, a break here would shift
bearish focus to the 50-DMA at $0.6958.

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