The AUD continues to trade in resilient......>

AUSSIE: The AUD continues to trade in resilient fashion, following AUDUSD's look

above 0.7900 on Wednesday. AUDUSD last trades at 0.7880, while NZDAUD trades

around 1.0750, both crosses are unchanged as the NZD has unwound its post-GDP

weakness. AUDJPY is lower, last trading at 83.50, in the wake of the earlier

bout of risk aversion.

- Looking at the AUDUSD from a technical perspective, the break of the 55-DMA

(0.7890) lacked follow through, and we now sit below that level. Bulls look for

a close above 0.7935 to confirm a break of the TL and above 0.7989 to shift

overall focus to 0.8135-62 where 2015 & 2018 highs are situated. Bears continue

to look for a close below the 21-DMA to gain breathing room and below the

100-DMA to return pressure to 0.7694-0.7710.