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The market has proven us correct, the AUD continues to build on strength, the current spot of 1.04961 is trading above the 50 day average of 1.0456 and the 150 day average of 1.0439.

The trade balance posted a strong number with deficit narrowing to (0.18)Bn compared to the previous (1)Bn, this is a very strong comeback.

Our target is to close out the option when we hit the 1.05 level.

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