AUD/USD last at $0.6878, 7 pips higher,......>

AUSSIE: AUD/USD last at $0.6878, 7 pips higher, after sliding 43 pips Friday.

- Friday saw the rate decline on the back of aggressive rate cut forecasts from

RBC & NAB, broader risk-off flows, as well as solid data releases out of the

U.S. AUD/USD touched a fresh multi-month low of $0.6861 as a result.

- The rate is currently displaying a near clean sweep of bearish sentiment,

according to the MNI FX Technical Signal Monitor. Bears look for a dip through

the $0.6866-61 area, which registered a series of lows in May and then again

limited losses on Friday. Below here opens the lower Bollinger band (2%) at

$0.6854. Bulls look to the May 30/31 lows at $0.6899/0.6901.

- Macquaries said that they now see the RBA cut its cash rate to 0.5% by the end

of 2021, while noting in the commentary that they exp. the central bank to cut

the rate to 1.0% as soon as next month.

- Australian house prices indices come out on Tuesday, skilled vacancies are due

Wednesday, while PMI readings from CBA hit on Friday. Tuesday will also see the

release of the latest RBA MonPol meeting minutes & a speech from RBA's Kearns,

while RBA Gov Lowe will speak on Thursday.