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AUD outperformed on Monday aided by a........>

AUSSIE
AUSSIE: AUD outperformed on Monday aided by a softening in Sino-US trade
rhetoric and an uptick in copper prices.
- AUDUSD extended to fresh highs after the 10AM NY options cut as 1.82bln worth
of 0.7548-50 options expired and last trades at session highs of 0.7593, through
the April 26 high of 0.7589. Above here hourly resistance from April 23 comes
into play at 0.7648, while support in seen at the May 17 high of 0.7547.
- The key risk events for AUD traders this week come in the form of an address
from RBA Gov Lowe & Q1 completed construction work data.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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