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*Correct* (removes FX option expiry from.....>

AUSSIE
AUSSIE: *Correct* (removes FX option expiry from Friday.
- AUD/USD last $0.7128, 15 pips higher on the day, amidst broader greenback
fragility.
- Bulls look for a break above the Dec 20 high of $0.7149, which would bring the
55-DMA at $0.7175 into view. On the downside, bears eye the 23.6% fibo
retracement of the move from $0.6741 to $0.7138, ahead of the NY Jan 4 low of
$0.7027. - Trade balance due tomorrow and domestic retail sales due Friday
headline the Australian docket this week, while global developments will also
attract attention, as the U.S. and China are holding bilateral trade talks at
vice-min level.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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