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AUD/USD benefitted from the broader USD......>

AUSSIE: AUD/USD benefitted from the broader USD weakness noted on Monday and had
little reaction to a leadership challenge for PM Turnbull overnight, in which he
was victorious.
- On the MonPol front RBA Gov. Lowe & the minutes from the RBA's most recent
meeting held little in the way of fresh material information.
- AUD/USD operates around best levels last ~$0.7360, above the Aug 03 low
($0.7348), with bulls now looking to channel top resistance ($0.7453), although
they will need to better the Aug 10 high ($0.7380) and the 55-DMA ($0.7413)
- AU focus now moves to an address from RBA Asst. Gov. Debelle & the AU Q2
completed construction work metric due later this week.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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