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The AUD complex underperformed overnight.....>

AUSSIE
AUSSIE: The AUD complex underperformed overnight after the soft domestic Q4 GDP
release & JP Morgan's decision to alter its RBA call to two 25bps cuts in July
and August this year.
- AUDUSD holds heavy into Europe, touching fresh session lows of $0.7028. This
brings the 50% retracement level of $0.6741-0.7295 into play at $0.7018, expect
protection behind on approach to the psychological $0.70 level.
- EURAUD gains have so far been capped by the 50% fibo of A$1.5347-1.6830 at
A$1.6088, a break above here & the A$1.61 level, opens the Jan 10 high at
A$1.6154.
- AUDJPY slips to Y78.55 with support seen around the Y78.35/40 area which holds
the 61.8% fibo of Y77.44-79.82 & 50-dma.
- AUDNZD dips back under the 50% retracement of 2019 range to NZ$1.0376, further
support is located at NZ$1.0369 from the Feb 14 low.
- AUDCHF rests on pivotal support off the Sep 10 low at Chf0.7067, hourly
support is placed behind through Chf0.7035/40. 

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