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The release of stronger domestic Building....>

AUSSIE
AUSSIE: The release of stronger domestic Building Approvals and Trade data saw
the aussie reclaim $0.7700 overnight, gains extended to $0.7726 before fading.
Bloomberg reported the firm Trade numbers were caused by higher prices for key
commodities like iron ore, driven by renewed Chinese demand and a stronger
global backdrop. On the topside Hourly resistance (Oct25) is noted at $0.7738, a
break opens $0.7755 (50% $0.7884-0.7625). Traders also reminded of the very
large $0.7700 (A$1.49bn) option-expiry which could feature around today's NY
cut. Aussie last $0.7721. 

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