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AUD/USD deals at fresh intraday highs of.....>

AUSSIE
AUSSIE: AUD/USD deals at fresh intraday highs of $0.7243 at writing, posting
modest gains as the Aussie extended yesterday's gains on the back of revived
optimism re: Sino-American trade relations into today's Asia-Pac session and
sits atop the G10 pile. 
- The pair registered a downtick in early Asia-Pacific trade today after softer
than exp. construction work figures were released, but quickly recovered. 
- Bulls eye the 100-DMA at and a break above would allow them to target
Tuesday's intraday high at $0.7269. Meanwhile, bears need a move through the
21-DMA at $0.7231 before challenging today's Asia-Pac intraday low at $0.7223. 
- Australian economic releases this week include private capex & private sector
credit due Thursday & Friday. Towards the end of the week, focus turns to the
Trump-Xi meeting, as AUD remains sensitive to developments in global trade.

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