AUD/USD
• Tight range holds for NY, basically 0.7890/0.7920, lingers below 200-HMA
• Pair torn between rising USD & firm AUD crosses
• AUD/NZD lift & GBP/AUD lift near 1.9765 aids to fend off effects of firm USD
• New iron-ore high & wider spreads more aid to negate USD effect
• Choppy action likely to persist as mkt looks for clear USD direction
• US Apr retail sales Wed might give clarity, if soft AUD/USD likely rises
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