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The lack of overtly dovish rhetoric/worry....>

AUSSIE
AUSSIE: The lack of overtly dovish rhetoric/worry in yesterday's RBA statement
coupled with the soft U.S. m'fing ISM on Tuesday has allowed AUD/USD to rally
away from yesterday's lows over the last 24 hours or so.
- Rate last dealing virtually unchanged at $0.6762.
- Bulls target a break of $0.6822, the high of Aug 8, which would signal a
potential trend reversal, opening $0.6880 initially. To the downside, a fall
through $0.6677 would confirm a resumption of the downtrend, opening $0.6600
initially.
- Local GDP data is due at the bottom of the hour. With Chinese Caixin services
& composite PMIs also set to attract participants' attention.
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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