Soft AU domestic building approvals set......>

AUSSIE: Soft AU domestic building approvals set the tone overnight which saw AUD

underperform and sit near the bottom of the G10 pile. AUDUSD holds toward the

lower end of its very narrow 0.7223-54 range with downside focus on a break of

the 50% retracement level of 0.7076-0.7295 at $0.7186, below here opens the 50,

100 & 55-dma's at $0.7169/74/75. The 200-dma at $0.7290 continues to cap topside

gains, a level that has not closed above since March. AUDNZD trades 10 pips

either side of NZ$1.05 with downside focus on a break of the Jan 29 low at

NZ$1.0451. EURAUD printed highs of A$1.5845, but was unable to take out the

200-dma at A$1.5856, last A$1.5812. While AUDCAD flirts with the 100-dma at

C$0.9478 and will be monitored at the close.