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Having rejected a break above $0.8100,.......>

AUSSIE
AUSSIE: Having rejected a break above $0.8100, Aud/Usd has now pared all post
soft US GDP gains to hold around the $0.8075/80 area. Next support is seen at
$0.8039/26 (61.8%/76.4% $0.8005-94), expect demand behind on approach to $0.8000
($0.8005 - Asia low). Aud/Usd now looks confined to $0.80-0.81 and would need a
convincing break either side for the next move. Month-end flow next week
expected to dictate price action, Aussie CPI is also released on Jan31 at
0030GMT. According to RBC partial indicators suggest a small pick-up in headline
inflation in Q4, with the key core measures likely to remain more subdued. RBC
expect headline inflation to rise by 0.8% q/q, taking the y/y rate to 2.1%.
Aud/Usd last $0.8084.  

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