AUD underperforms at writing, pressured by...>

AUSSIE: AUD underperforms at writing, pressured by a soft building approvals

print, which slipped by 8.4% M/M against exp. of a 2.0% increase. 

- AUD/USD last sits at $0.7231 after it breached Friday's low of $0.7237 upon

the release, shifting bearish focus to the cloud top at $0.7206, followed by the

21-DMA at $0.7182. 

- AUD/JPY has shed 20 pips and last deals at Y79.19. Initial downside focus

falls on Y78.74, where the rate bottomed Friday. A break below would bring the

21-DMA at Y78.34 into play. Conversely, bullish attention is drawn to Y79.38,

which represents the 100-DMA, and a jump above would open up Friday's high of

Y79.61. 

- AUD/NZD last NZ$1.0487, 23 pips lower on the day, with bears keeping an eye on

Friday's low of NZ$1.0472, ahead of the lower 1.0% 10-DMA envelope at NZ$1.0400.

Meanwhile, bulls look to Friday's peak at NZ$1.0525 before challenging the

50-DMA at NZ$1.0538.