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AUD/USD has been pressured by the latest.....>

AUSSIE
AUSSIE: AUD/USD has been pressured by the latest ratcheting up in trade war
tensions over the weekend, with hawkish trade comments from U.S. VP Pence re:
China, while the APEC summit failed to result in a common communique, with trade
war matters dividing the room. AUD/USD last $0.7320. 
- This comes after the AUD/USD cross benefited from the weaker USD on Friday. As
well as warmer tones from U.S. President Trump re: China, although they were
later played down by the White House.
- Friday saw a close above the key $0.7300 level. Initial resistance likely to
be located on an approach into the 50% retracement of the move from $0.7677 to
$0.7021 at $0.7349, followed by the Aug 28 high at $0.7362, while support is
noted at the 100-DMA at $0.7257.
- AU focus this week falls on the RBA's November meeting minutes, due Tuesday,
which will be followed up by a speech from RBA Gov. Lowe later the same day.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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