AUD crosses weakened somewhat upon the.......>

AUSSIE: AUD crosses weakened somewhat upon the release of the latest RBA MonPol

meeting minutes, perceived at marginally dovish. The minutes reiterated that the

Board does not see a strong case for near-term policy adjustment, but revealed

that members discussed the possibility of a rate cut, if "inflation did not move

any higher and unemployment trended up." The Bank also noted that that the

likelihood of a near-term cash rate hike is low.

- AUD/USD last seen at $0.7148, 25 pips worse off. Initial support noted at the

200-HMA & 100-DMA, which coincide at $0.7138. Below here opens the 55-DMA,

located at $0.7120. Bulls look for a recovery through the 100-HMA at $0.7158,

ahead of the upper Bollinger band (2%) at $0.7180.

- AUD/JPY has fallen 35 pips &last sits at Y80.02. Bears look for a return below

Y79.85, which marked the pair's YTD high until Friday. A breach of the level

would expose the 100-DMA at Y79.13. Conversely, bulls eye the 20-DMA at Y80.21.

- AUD/NZD last deals at NZ$1.0588, 18 pips lower. Bears eye the NZ$1.0581-82

area, which limited losses on Apr 11-15, ahead of last week's low of NZ$1.0533.

Bulls look to the NZ$1.0600 mark, after breaching the figure earlier today.