Despite lifting to its highest levels........>

AUSSIE: Despite lifting to its highest levels since late February yesterday, AUD

encountered fresh pressure after the RBA minutes revealed that the board

discussed the possibility of a rate cut if the unemployment rate started to

trend up.

- AUDUSD slipped 35 pips on the session before forming a base ahead of the

100-dma ($0.7138). Topside focus remains on a break of the 200-dma ($0.7192) &

$0.72 level for the next leg higher.

- AUDJPY briefly traded back under the Y80.00 level, before dip buyers cushioned

falls. Bulls need to clear yesterday's ytd high at Y80.48 to bring the 76.4%

retracement level of the Dec - Jan fall into view at Y80.87.

- AUDCHF dropped back under the Chf0.72 level, touching pullback lows of

Chf0.7170. Up trendline support off the Apr lows comes in today at Chf0.7167, a

break opens the 200-dma at Apr 12 low at Chf0.7139/38.

- AUDNZD briefly traded back above NZ$1.06, but has since pared gains. The Apr

15 high & 50% fibo of NZ$1.1176-1.0106 provide the next resistance area at

NZ$1.0633/41.