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###POV. Aussie has remained heavy since......>

AUSSIE
AUSSIE: ###POV. Aussie has remained heavy since the release of yesterday's
woeful local retail sales data and this morning has dipped below the 100-dma
($0.7784) to make a fresh low of $0.7773. Domestic corporate demand has since
lifted the Aussie back to $0.7796. It is worth noting, the last close below
100-dma was seen Jun22, should we end today below that moving average, bears
will be looking for an extension to $0.7666 (200-dma). The catalyst for that to
eventuate is NFP's, MNI's median is for a number of 70k, but given the wide
range from -45k to +125k with Hurricanes Harvey and Irma expected to be weigh on
the headline number, today's release will be sure to see heightened volatility
come the 'witching hour'. Bulls we be looking for weak data and a move back
above hourly resistance at $0.7840 to keep bullish hopes alive. 

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