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AUSSIE: The soft AU building approvals print has seen the rate ease back to
$0.7150, after a break above the level on the back of the early risk-on flows &
USD weakness saw the pair run to a high of $0.7171.
- Familiar levels of support and resistance remain. Bulls look to $0.7179, the
100-DMA, ahead of cloud base resistance & 76.4% retracement level at $0.7207/40.
Bears need a close below broken trendline resistance-turned support at $0.6991
to regain control.