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AUSSIE: Early risk appetite allowed rate to extend its recent recovery, off its
Jan08 low of Gbp0.6849(YTD low), to $0.6920 before momentum faded. Asian traders
have noted resistance at this $0.6920 level, adding that stronger resistance
seen at $0.6950. Rate currently trades around $0.6911. Decent sized option
expiries at $0.6900, and especially between $0.6920/30, for this week could act
to keep rate anchored close by.