Pressure builds at the European crossover....>

AUSSIE: Pressure builds at the European crossover on extended react to ANZ & CBA

who followed Westpac and lifted their variable mortgage rate by 0.16% & 0.15%

respectively, markets look to NAB, the last of the so called big 4 not to have

raised so far. AUDUSD holds near the base of its $0.7166-0.7211 range with focus

on $0.7145 (Sep 5 YTD low & May24 2016 low), a break here opens $0.7092 (1.618%

swing $0.7203-0.7382). AUD crosses remain on the defensive and have registered

large falls. AUDJPY trades back below Y80.00 with double bottom support at

Y79.60/50. AUDNZD struggles to build above NZ$1.0900, suggesting the downtrend

is set to resume. Near-term support at NZ$1.0868 from the 100-dma, a break opens

$1.0851/40 (Aug31 YTD low, 200-dma). EURAUD breached the key A$1.6200 level,

triggering demand from momentum-type accounts to print 22-month highs of

A$1.6222. Next resistance seen at A$1.6252 from the Nov2 2016 high, a break here

opens the potential of a rally to the 2015 highs at A$1.6590.