A piece from ANZ on the Australia dollar - let's cut straight to the 5 reasons:

  1. USD is due for a correction
  2. Risk sentiment remains supportive
  3. RBA still on track to hike in 2018
  4. Outlook for iron ore remains positive
  5. Technicals bode well

The piece is detailed, but I'll pull out a comment on 5:

5. Technicals bode well

While the AUD lacks a clear bullish bias against the USD, the price action suggests the AUD is well supported above0.78.

ANZ's 'bottom line

Given these five indicators, we think that any downside surprise in domestic data should be used as an opportunity to buy the AUD on dip

(Just on that 'bottom line' - ANZ is looking for a one of those downside domestic data surprises today ... in the jobs data - their preview is here: Australia jobs report due today- coming up at 0030 GMT - preview

ANZ's preview is just part of 10 previews I've popped up for likely market moving data today:

)