RBA Gov Lowe's remark that interest-rate.....>

AUSSIE: RBA Gov Lowe's remark that interest-rate outlook is now more evenly

balanced sent AUD tumbling across the G10 currency board. Lowe noted that the

Bank is in a position whereby it can maintain its current MonPol settings and

assess the impact of changes in the global economy and domestic household

spending. 

- AUD/USD breached yesterday's low of $0.7194 and the 21-DMA at $0.7188,

shifting bearish focus to the 50-DMA at $0.7167. The rate last sits at $0.7181. 

- AUD/JPY last Y78.92, 64 pips lower on the day, fell through the 50-DMA at

Y79.25 & yesterday's low of Y79.09, shifting bearish focus to the Feb 2 low of

Y78.74, followed by the 21-DMA at Y78.51. 

- AUD/NZD fell 50 pips and last sits at NZ$1.0428 after cleanly breaching the

Jan 25/28 low of NZ$1.0475/74 & yesterday's low of NZ$1.0457. Initial support is

now located at the psychological NZ$1.0400 level and a break below would open up

the lower 1.0% 10-DMA envelope at NZ$1.0384.