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The AUDUSD last trades at 0.7767, with.......>

AUSSIE
AUSSIE: The AUDUSD last trades at 0.7767, with hesitation ahead of the falling
daily trend line off the YtD high (at 0.7774) apparent. Above that the high from
March 22 (0.7784) & the 200-DMA (0.7813) provide the areas of interest, with the
narrowing Bollinger bands increasing the risk of a break out. Bears need a close
below the 21-DMA (0.7707) to ease bullish pressure.
- The RBA's Financial Stability Review is due at the bottom of the hour, but
shouldn't provide too much impetus for the currency, with more focus being
placed on the minutes from the RBA's most recent MonPol decision due Tuesday &
Aussie labour market report due Thursday.
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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