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***The Aussie has fallen afoul of the risk...>

AUSSIE
AUSSIE: ***The Aussie has fallen afoul of the risk off mood thus, with reports
suggesting that the US is set to impose tariffs on China & confirmation that
Gary Cohn will step down as chair of the NEC.
- The currency shook of the softer than expected GDP release, RBA Gov. Lowe had
suggested that the Q4 GDP release may be softer than the RBA exp. owing to
exports
- AUDUSD trades 45 pips lower at 0.7785. The failure to trouble $0.7694 remains
a concern for bears, while upside focus is on the 21-DMA @ 0.7838 the the 55-DMA
at 0.7874.
- AUDNZD is back below 1.0700, with immediate focus on the YtD lows of 1.0650.
Bulls now need a close above 1.0776 to gain breathing room and above the 55-DMA
to hint at a move targeting 1.1072-1.1139.
- AUDJPY is 90 pips lower at ~82.20, although the Bollinger base and O/S daily
studies are key concerns for bears. Bulls now need a close above 83.32 to gain
breathing room and above 84.89 to target key DMAs clustered 86.45-58. Bears need
a close below 82.15.
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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