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### POV - As external factors continue to....>

AUSSIE
AUSSIE: ### POV - As external factors continue to drive AUD/USD, where do we go
from here?
Geopolitical concerns following the North Korea missile launch pressured via
AUD/JPY early Tuesday, however a strong rally in gold to fresh 2017 highs
underpinned with a move back to the $0.7950-60 area.
Solid Australian Building/Construction data out overnight with added support
from RBNZ Wheeler comments on a weaker kiwi (AUD/NZD), extended gains to $0.7996
before fading.
Traders look to Friday's US Jobs report for clearer direction, further ahead is
the RBA's next policy meeting on Sep5 where early indicators have suggested
Governor Lowe could adopt an improved outlook.
From a technical point of view a clean break of $0.8000 is likely to trigger
stops through the $0.8005/10 area, opening a move towards the YTD high (Jul27)
of $0.8066.

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