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AUD/USD deals at $0.6541, a touch lower as...>

AUSSIE
AUSSIE: AUD/USD deals at $0.6541, a touch lower as we type. Monday saw several
news wires circulate comments from a speech, which PM Morrison is about to
deliver today. He is set to warn that Australian businesses cannot rely on gov't
stimulus forever and that economic recovery may take from three to five years,
with officials now drafting plans to facilitate a rebound.
- A fall below May 22 trough at $0.6506 would expose the low of May 15 at
$0.6402. Conversely, a clearance of May 20 high of $0.6616 would allow bulls to
take aim at the upper 2.0% 10-DMA envelope at $0.6648. 
- On the local docket this week we have completed construction work (Wednesday),
as well as private capex & flash trade data (Thursday).

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