AUD/USD barely changed, last seen at.........>

AUSSIE: AUD/USD barely changed, last seen at $0.6849. In the local data released

today, Westpac Leading Index eased off a touch, skilled vacancies also fell.

- The rate turned slightly heavy in yesterday's Asia-Pac hours as minutes from

the RBA's Dec meeting noted that "it would be important to reassess the econ

outlook in Feb '20," adding that members are prepared to loosen policy if

needed. AUD/USD extended losses into Europe under pressure from cross-flows, as

London traders came in and digested an earlier Telegraph report re: UK PM

Johnson willing to rule out any extension to the Brexit transition period.

- The rate is testing support from the trendline drawn off the Dec 2 low, which

intersects at $0.6844. A fall below here would risk a deeper decline, perhaps

through the 50-DMA at $0.6833. A breach of the 50-DMA would bring the

100-DMA/psychological level at $0.6806/00 into play. Bulls need to retake the

$0.6900 mark before attempting a move at the $0.6907 200-DMA.

- The main point of note on the Australian docket this week is Thursday's labour

market report.