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Despite cautious remarks from RBA............>

AUSSIE
AUSSIE: Despite cautious remarks from RBA Assistant Governor Ellis that expects
wage growth to pick up, but not immediately and then only gradually (see MNI 5
Observations from RBA Ellis speech - Main Wire 2204GMT 12/2), Aud/Usd largely
consolidated in a narrow $0.7848-74 range. On the topside a break of $0.79 opens
$0.7948/54 (50% $0.8136-0.7759, Feb5 high). Support at $0.7813/07 (1.0%
envelope, Feb12 low). Focus turns to Thursday's employment data for clearer
direction. Last $0.7863. 

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