AUD/USD climbed past the $0.6900 mark on.....>

AUSSIE: AUD/USD climbed past the $0.6900 mark on Tuesday, after failing to take

out the level for the last three days. The rate erased earlier gains into the

London morning, as the state of Victoria imposed lockdown measures on ten areas

across Melbourne, in reaction to a jump in new coronavirus cases in the region.

After bottoming out at $0.6833, AUD/USD staged a dynamic recovery into the WMR

fix, with month- and quarter-end flows in focus. It managed to cling onto those

gains into the close, as USD remained limited.

- PM Morrison is set to announce a boost to defence spending today, as Canberra

seeks to address the challenge of an increasingly assertive China. The gov't

wants to allocate A$270bn for national defence over the next decade.

- AUD/USD is little changed at $0.6907. Bulls look to take out Jun 16 high of

$0.6977 before targeting the round figure/Jun 11 high of $0.7000/05. Bears need

a fall through Jun 22 low of $0.6805 before taking aim at Jun 15 low of $0.6777.

- Australian AiG M'fing PMI, final CBA M'fing PMI & building approvals will be

published today. Looking further afield, trade balance and retail sales are due

Thursday and Friday respectively.