AUD/USD holds steady at $0.6751 ahead of a...>

AUSSIE: AUD/USD holds steady at $0.6751 ahead of a string of local data releases

and, crucially, the RBA monetary policy decision, followed by a presser with

Governor Lowe. Data prints on the radar today include m'fing PMIs from AiG and

CBA (final), CoreLogic House Price Index and building permits. 

- See https://emedia.marketnews.com/RBA_Preview_Oct_2019.pdf for an RBA preview.

- NYT reported that U.S. Pres Trump asked PM Morrison for Australia's help in a

probe that would discredit the Muller investigation.

- The pair lost some ground yesterday as markets braced for today's RBA

decision. The heavish tone was already evident in Asia hours as data-inspired

NZD weakness filtered through into AUD, even as a better than exp. Caixin m'fing

PMI out of China granted some reprieve. A miss in U.S. MNI Chicago PMI helped

recovery ahead of the WMR fix, but this was followed by another dip.

- Bears focus on $0.6739/37, the low of Sep 25 and the 76.4% retracement of the

rally from early this month. Below clears the way towards $0.6700. Bulls target

the $0.6799-6801 region, which hosts a round number sandwiched between the 38.2%

retracement of the Sep 12-25 retreat and the 50-DMA.