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USDCAD TECHS

Consolidation Mode

AUDUSD TECHS

Maintains A Bullish Tone

EURJPY TECHS

Corrective Cycle Still In Play

AUSSIE
MNI (London)
AUSSIE: Corrective pullback away from Thursday's high of $0.6934 was given an
added shove lower in earlier Asian trade to $0.6884 on the back of reported
AUD/NZD sales. However, rate bounced back on release of China data, on balance
seen firmer than forecast, picking up fresh demand in early Europe which has
taken it up to $0.6911. Traders aware that the area between $0.6925/30 holds the
strikes of expiring options for today's NY cut, amounting to A$1.43bln and could
provide some attraction. Interim resistance seen at $0.6915(61.8%
$0.6934-0.6884). Support seen at $0.6885/80. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com