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AUSSIE 3-YEAR TECHS

(Z1) Sell-Off Abates

AUSSIE BONDS

Parallel Shift In Futures Overnight

RBNZ

VIEW: ASB Looking For Higher Peak In OCR

ASIA

Coming up in the Asia-Pac session on Thursday:

EURO-DOLLAR
EURO-DOLLAR: Euro-yen demand has largely been responsible for the rise from
$1.1768 to $1.1793. Interestingly, support at $1.1768 (50% fib $1.1689-$1.1847)
was met head on and has held the downside in check, while hourly resistance is
close-by at $1.1796. Traders have also made mention of a couple of large option
expiries at $1.1780-85(E1.36bn) and $1.1800(E930mn) that may act to contain the
near term range. Further consolidation would seem likely heading towards the
European open and the release of German Q2 GDP. Euro-dollar was last at $1.1785.