Dovish comments from RBA Lowe further........>

AUSSIE: Dovish comments from RBA Lowe further pressured the AUD complex

overnight. In the concluding paragraphs of his speech, Lowe said that the

central bank "is prepared to provide additional support by easing monetary

policy further" if needed, while in any case "it is reasonable to expect an

extended period of low interest rates."

- AUDUSD looks set to register its 5th straight session of losses and holds

towards the base of its $0.6964-84 range. Immediate support is seen at

$0.6959/53 from the 50-dma & 61.8% retracement of the 2019 range, a break opens

former channel base support at $0.6934, ahead of the Jul 10 low at $0.6911.

- AUDNZD briefly traded through NZ$1.0400 and brings the Jul 22 low & 76.4%

retracement of the Mar-Apr rally into view at NZ$1.0386/84. Worth noting

yesterday's candle formation was a bearish engulfing, also the impending bearish

MA crossover (50-dma below 100-dma).

- AUDCHF touched pullback lows of Chf0.6861 to rest on neckline support of the

inverse H&S pattern. Confirmation would cement the downtrend opening the

potential of a move toward Chf0.6800.