- Recent lows at 0.7580 and 0.7553 and high in Asian session at 0.7678
- Carry trade demand for AUD had helped inflate pair to 0.7739 last week
- Major support at 0.7534 -6yr low on Apr 2
- Large 0.76 option expiry today. Size of strike estimated at AUD 1.7bn
- AFR: Hockey warns of USD 35/tonne iron ore


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