AUD/USD has operated within in a 15 pip......>

AUSSIE: AUD/USD has operated within in a 15 pip range thus far, last trading 10

pips better off at $0.7440.

- Bears failed to capitalise on a fresh YtD last week, with the pair printing

best levels for the week on Friday, despite the imposition of the U.S. tariffs

on China, with China retaliating instantly.

- Bulls now need a close above $0.7481 (High June 15) to hint at a move back to

$0.7615-0.7735. Daily studies are well placed for a fresh leg higher before

overbought becomes an issue. More apparent initial resistance comes in the form

of $0.7444 (High July 06), followed by $0.7449 (1.618% swing $0.7409-0.7346)

then $0.7451/61 (38.2% retracement of the move from $0.7677 to 0.7311, Jun18

high). Bears now need a close below $0.7413 today to ease pressure on the

$0.7481 resistance.

- AU focus will fall on tomorrow's NAB business survey.