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For the last 40 minutes or so, the Aussie....>

AUSSIE
AUSSIE: For the last 40 minutes or so, the Aussie has been under some modest
selling pressure, the rate edging lower from around $0.7980 to a base so far of
$0.7962. Traders have reported Aussie-kiwi supply as the catalyst, with recently
established longs positions being cut ahead of RBNZ Policy meeting tomorrow.
Most economists expect the RBNZ to leave the OCR at 1.75% and reiterate that
monetary policy will remain accommodative for a considerable period. Support is
located at $0.7859 (Sep26 low), a break opens $0.7821 (38.2% fib retracement
$0.7329-0.8125 rise). Aussie was last at $0.7866

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