• Touch softer in a quiet month end session so far for FX in Asia

• Modest stock moves, E-mini S&P +0.2%, Nikkei flat and AsiaxJP +0.2%

• RBA cash rate seen on hold at record low; QE likely to extend nL1N2K30B7

• Techs; momentum studies slip, 5, 10 & 21 DMAs crest - negative setup

• 21 day Bollinger bands are expanding, leaving room for a move lower

• Chart suggests a move towards 0.7502, 38.2% Nov-Jan rise is viable next week

• Close above 0.7724 21 daily moving average would end the downside bias

• London 0.7592 low and NY 0.7697 high is initial support and resistance

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