• Trades up 0.05% - early bargain hunting into Wednesday's 1.2% fall

• Risk off in the US weighed on AUD - AUD/JPY closed down 2.2%, AUD/NZD -0.45%

• Australian Real GDP leads today's data, RTRS poll QQ +0.3%, YY +1%

• Charts, 21-day Bolli bands contract, 5, 10, and 21-day moving averages coil

• Daily momentum studies crest at elevated levels - a modest positive setup

• Tuesday's 0.6792 top and last week's 0.6824 high are initial resistance

• August 22nd 0.6697 base and the 0.6696 21 DMA are pivotal supports

• A close below the close 0.6696 21 DMA would end the topside bias

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