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AUD/USD edged higher overnight on the back...>

AUSSIE
AUSSIE: AUD/USD edged higher overnight on the back of broader risk-on flows and
modest USD weakness. The pair last trades at $0.7147, 5 or so pips better off on
the day.
- Bulls continue to target the 21-DMA at $0.7152, which was breached overnight,
and a clean break above that level would allow them to set their sights on
$0.7160, which represents the 100-DMA. Meanwhile, the 50-DMA, located at
$0.7135, attracts the initial bearish attention, while the next layer of support
below is provided by $0.7079, which limited losses Friday.
- Australian wage data is due Wednesday, labour mkt data comes out Thursday.
Elsewhere, RBA Feb meeting minutes come out Tuesday, while RBA Gov Lowe will
speak in parliament on Friday. Any fallout from the Sino-U.S. trade talks will
also be of interest.

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