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The AUD has underperformed in early..........>

AUSSIE
AUSSIE: The AUD has underperformed in early Asia-Pacific trade on Wednesday with
broader USD strength & soft consumer confidence data (largely stemming from an
increase in mortgage rates & the political situation) weighing on AUD/USD which
last deals at session lows of $0.7094 (YtD low stands at $0.7085).
- As a reminder bears still look for a close below $0.7100 and the 1.618% swing
target ($0.7092), which would open up the key $0.7000 psychological level.
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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