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Risk currencies continue on the defensive....>

AUSSIE
AUSSIE: Risk currencies continue on the defensive following the Huawei story
overnight. AUD sits bottom of the G10 pile and looks set to register its fourth
consecutive session of losses. Rate touched extended pullback lows of $0.7123
and seen approaching support at $0.7118/17 which represents the 23.6%
retracement of $0.6741-0.7235 & Jan8 low. A break of $0.71 could accelerate the
move toward the Dec 27 high, now support at $0.7078. EURAUD closed above the
200-dma yesterday and extended the move through A$1.59, bulls target the 100-dma
at A$1.5979 for the next leg higher.  

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