AUD/USD has edged lower and last trades at...>

AUSSIE: AUD/USD has edged lower and last trades at $0.7122. This comes after the

pair climbed 22 pips yesterday, as the broader commodity-tied FX space gained

vs. USD, on the back of a rally in oil prices, while iron ore might also have

lent a degree of support to AUD. 

- However, it should be noted that yesterday's Asia-Pac session saw AUD land at

the bottom of the G10 pile, as investors were looking for more clarity re:

Sino-U.S. trade matters, with uncertainty also surrounding the possible result

of Australian federal elections, due next month.

- Bulls look for the topside breach of $0.7132, which capped gains on Apr 5 &

Apr 1, followed by the 100-DMA & Mar 27 high located a further 10 pips above.

Meanwhile, a slide through the channel resistance-turned-support at $0.7109

would expose the 21-DMA, situated at the $0.7100 mark.

- Australian ANZ Roy Morgan weekly cons. conf. data comes out at the bottom of

the hour, ahead of home loan data. Elsewhere, Westpac consumer confidence is due

Wednesday, RBA Financial Stability Review comes out on Friday, while RBA Dep Gov

Debelle will speak both on both Wednesday and Thursday.