The AUD came under pressure overnight as.....>

AUSSIE: The AUD came under pressure overnight as risk sentiment took a hit.

- AUDUSD trades at 0.7760, AUDNZD is at 1.0770 last & AUDJPY sits at ~82.80.

- A chunky AUDUSD option expiry at 0.7800 rolled off at Wednesday's 10AM NY cut

which allowed the 200-DMA to be broken later in the day. Focus remains on

$0.7729-0.7784 with bears continuing to look for a close below $0.7729 to end

bullish hopes and shift focus to $0.7500 Dec lows. Bulls now need a close above

the $0.7910 to ease bearish pressure and above $0.7989 to return focus to

$0.8118-62 where 2018 highs and May 2015 monthly highs are noted.

- Immediate event risk today comes in the shape of Q4 CapEx data (due in 10

mins). ANZ expect "private capex to have risen a modest 1.2% in Q4, with both

construction (+1.7%) and machinery & equipment investment (+0.6%) expanding.

Further, we anticipate another upward revision to firms' spending plans for

2017-18." It is worth noting that we will get a first look at FY18-19 CapEx

estimates.