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AUD/USD landed at the bottom of the G10......>

AUSSIE
AUSSIE: AUD/USD landed at the bottom of the G10 currency board after the release
of RBA Feb meeting minutes, in spite of posting a spike to session highs in
immediate reaction to the release. The minutes affirmed the RBA's shift to a
more neutral stance, with no rate moves expected in the near-term, and pointed
to significant uncertainties around its forecasts. The Bank also noted global
trade tensions & the impact of falling house prices on consumption as the key
risks to its outlook (with focus on apparent additional caution surrounding the
latter dominating post-minutes), but said that labour market data has been
stronger than other areas of economic data.
- The rate last deals at $0.7113, 17 pips worse off on the day.
- Since yesterday's low of $0.7125 was breached, bearish attention is drawn to
the 200-HMA at $0.7104. A fall below would open up the cloud top at $0.7068.
Bulls look to the 50-DMA at $0.7135, followed by the 21-DMA at $0.7149.
- Aussie focus this week turns to wage data due tomorrow, domestic labour mkt
data due Thursday & RBA Gov Lowe's parliamentary testimony due Friday. Fallout
from Sino-U.S. trade talks will also be of interest.
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