AUD/USD holds steady at $0.6865, after.......>

AUSSIE: AUD/USD holds steady at $0.6865, after shedding 14 pips Monday.

- The rate fluctuated through yesterday's Asia-Pac session in reaction to the

fallout from the weekend attack on a major Saudi oil facility, which turned risk

sentiment sour, but also triggered a jump in crude oil prices. Revived demand

for the greenback prompted AUD/USD to sell off into Europe, before it ticked

away from lows after the WMR fix.

- A breach of the Sep 12 high of $0.6895 would confirm a resumption of the

uptrend, with subsequent penetration of the 100-DMA, located right at the

$0.6900 psychological barrier, adding to the importance of the signal.

Conversely, bears would be pleased by a retreat below $0.6849, where the rate

bottomed on Sep 10 & 11.

- The RBA is set to release the minutes from the latest MonPol meeting, with Q2

house price index also due later today. The next point of note on the Australian

docket comes in the way of domestic labour market report, due on Thursday.