Extended its post FOMC rally through its.....>

AUSSIE: Extended its post FOMC rally through its initial react high of

$0.7273(Jan30 high) to an eventual high of $0.7295 pre month-end 1600GMT fix.

Bank models had suggested that USD sales would be seen at the fix, which helped

to influence the move higher, but rate quickly lost momentum post fix as rate

dropped back to $0.7260. Suggested $11.7bn SOMA operations had earlier drawn

suggestions that fix USD sales could be countered, which along with ECB Weidmann

comments concerning German growth and ECB rate path pressed EUR/USD sharply

lower and took AUD/USD with it. Market focus into Friday will initially be on

the Sino-US trade talks as well as the China Caixin Mfg PMI. Main event of the

day will be the US NFP/Earnings report. Below $0.7260 exposes $0.7245/40 ahead

of $0.7200. Resistance $0.7295-0.7300.