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Firmer commodities combined with the.........>

AUSSIE
AUSSIE: Firmer commodities combined with the weaker USD has seen Aud/Usd extend
its recovery off Asia traded lows of $0.7829 to $0.7882. Consolidation has
remained the theme in early Europe with initial resistance at $0.7895/01 (1.618%
swing $0.7860-04, Feb21 high), a break opens more techs at $0.7913/15 (61.8%
$0.7988-0.7791/Congestion area Feb16-20). Light on the Australian economic front
this week as investors look to the US and Fed Chair Powell on Tuesday, followed
on Wednesday by US GDP. Month-end flow also expected to drive with early bank
models suggesting USD buying. Aud/Usd last $0.7874. 

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