Renewed risk appetite underpinned the AUD....>

AUSSIE: Renewed risk appetite underpinned the AUD overnight with solid gains

seen across the board.

- AUDUSD consolidated yesterday's move above $0.71 with gains briefly extending

through the 50-dma to $0.7128. Bulls need to clear the 100-dma at $0.7157 to

cement the uptrend, targeting a break of the $0.72 level and 200-dma at $0.7212.

- AUDJPY touched recovery highs of Y78.52 with near-term focus on the Mar 22

high & 61.8% retracement of Y84.02-70.64 at Y78.88/91. A topside break of Y79.00

brings the double-top resistance area back into view at Y79.30/40.

- AUDCAD closed above the 200-dma yesterday for the first time since late

December. Gains extended to C$0.9545 opening the Mar 25 high & 61.8% fibo of

C$0.9784-0.8201 at C$0.9549/61.

- EURAUD currently rests on the 100-dma (A$1.5882) with downside focus on a

break of the A$1.5800/20 zone which has registered a series of previous lows.