The AUD has stuck to tight ranges, last......>

AUSSIE: The AUD has stuck to tight ranges, last trading ever so slightly softer

vs. USD at ~0.7780. AUDUSD has struggled with the 21-DMA ($0.7833) this week &

the rejection ahead of $0.7842 leaves the pair looking a little heavy. Bears

look for a close < 0.7753 to ease bullish pressure. The 0.7842 resistance is now

key. Bulls now need a close > to hint at a move back to 0.7989.

- AUDJPY is higher but this is a function of JPY weakness. AUDJPY 2018 lows

lacked follow through this week leaving a double daily bottom in place with the

Bollinger base & O/S daily studies key concerns. Topside follow through is a

little lacking with bulls still needing a close above 83.32 to gain breathing

room & above 84.89 to target key DMAs clustered 86.29-59. Bears now need a close

below 82.03 to gain breathing room.

- AUDNZD has been muted, last trading at ~1.0715. The topside failure last week

ahead of the 55-WMA and key DMAs resulted in an aggressive sell-off and

immediate focus back on 2018 lows. Bears look for a close below 1.0650 to add

weight to the case for a test of 1.0458-91 where the LT rising TL off 2015 lows

is noted. Bulls still need a close above 1.0776.