AUD/USD felt the pressure from the latest....>

AUSSIE: AUD/USD felt the pressure from the latest barbs of the U.S.-China trade

dispute & profit taking on Monday, with Chinese policymakers noting that it is

hard to progress in the U.S. trade talks with a knife to the neck during

Asia-Pacific hours on Tuesday, although China left the door open to further

discussions if the U.S. decides to be more sincere, highlighting upsides for the

U.S. in such an instance.

- The rate last deals at ~$0.7240. The 50-DMA ($0.7301) continues to cap the

cross, with any close above $0.7304 set to alter the short term technical

outlook. The rates move below $0.7250 has bulls looking to the 21-DMA ($0.7214),

followed by $0.7200, with any breach of the figure bringing the YTD low

($0.7085) back into focus.

- The AU docket is limited this week, so focus will likely fall on the broader

risk backdrop.