AUD/USD fell afoul of the RBA's 2018/19......>

AUSSIE: AUD/USD fell afoul of the RBA's 2018/19 corporate plan which noted that

high debt levels could complicate future policy decisions. A stronger than exp.

set of Chinese official PMI surveys provided brief respite, before the pair

faded back to lows.

- A recent modest downtick in the USD, triggered by comments from ECB's Nowotny,

has allowed the rate to tick away from worst levels, last ~$0.7255. Initial

support is noted just below the intraday low at the 1% envelope 10-DMA

($0.7242), with bears focusing on the YtD low ($0.7203). Resistance comes in at

yesterday's NY high ($0.7302)

- The RBA MonPol decision provides the highlight of the AU docket over the next

week, with GDP input data in the form of inventories, current A/c & company

profits all due ahead of the final national account print on Wednesday.