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The Antipodeans remained pressured on the....>

AUSSIE
AUSSIE: The Antipodeans remained pressured on the back of Fed Chair Powell's
Hawkish rhetoric late Wednesday, with AUD/USD registering a fresh YTD low
overnight ($0.7079), last $0.7085.
- A wider than expected AU trade surplus did little for the AUD's cause
overnight as heavy downside flow was once again experienced in U.S. Tsys during
the latter part of the Asia-Pacific session, leaving U.S. 10-Year yields ~3.5bp
higher at writing.
- Bears look for a convincing break below $0.7080 to open up a move to $0.7000,
which is rumoured to hold option related support. Bulls need to reclaim $0.7200
and close above the 50-DMA ($0.7274) to improve the short-term outlook
- AU retail sales data and a speech from RBA's Heath are due Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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