The AUD trades flat against the USD at........>

FOREX: The AUD trades flat against the USD at 0.7756, while it has lost ground

against the NZD & JPY. 

- In AUDUSD bulls now look for a close above $0.7819 to confirm breaks of 100 &

200-DMAs to ease bearish pressure and above $0.7910 to initially target $0.7989.

Bears now look for a close below $0.7694 to add weight to their case.

- AUDNZD has reportedly been pressured by fund selling in an attempt to trigger

a barrier option at 1.0650 (1.0665 last).

- Next week's tier 1 risk events for the AUD include the RBA decision, a speech

from RBA Gov. Lowe & Australian Q4 GDP data.

- NZD has garnered support from the aforementioned AUDNZD flow, with the NZDUSD

now printing 20 pips or so higher at 0.7270. Technicals point to a potential

bullish key day reversal for the NZDUSD after the bounce from ahead of the

200-DMA. Bulls continue to look for a close above $0.7272 and above $0.7385 to

target $0.7438-0.7558. Bears still need a close below the 200-DMA to hint at a

move back to $0.6952 and then $0.6779 2017 lows. The Bollinger base is noted at

$0.7181 and is the key concern for bears.