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AUD/USD also felt the pressure from the......>

AUSSIE
AUSSIE: AUD/USD also felt the pressure from the latest barbs of the U.S.-China
trade dispute & profit taking on Monday.
- The rate last deals at ~$0.7250. The 50-DMA ($0.7301) continues to cap the
cross, with any close above $0.7304 set to alter the short term technical
outlook. Conversely, failure to hold above $0.7250 and a subsequent reversal
through $0.7200 would bring the YTD low ($0.7085) back into focus.
- The AU docket is limited this week, so focus will likely fall on the broader
risk backdrop.
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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