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Solid Australian Building....................>

AUSSIE
AUSSIE: Solid Australian Building Approvals/Construction data provided the early
appetite overnight, RBNZ Wheeler remarks that a lower kiwi is needed triggered
fresh aud/nzd demand. The aussie squeezed to extended react highs of $0.7996 and
consolidated for the majority of the session. Traders will look to test offers
around the $0.8000 area, a break here and expect stops through $0.8010. Support
is seen at $0.7947/32 (38.2%/50% $0.7867-0.7996). Aussie last $0.7986.

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