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AUD/USD last deals at $0.6785, virtually.....>

AUSSIE
AUSSIE: AUD/USD last deals at $0.6785, virtually unchanged on the day. 
- Bears look for a break below the 100-HMA at $0.6777, before setting their
sights on the $0.6750-46 area, which registered a couple of lows this month.
Bulls look to the round figure of $0.6800, which happens to coincide with the
200-HMA. Above opens $0.6832, where the 38.2% fibo retracement of the Jul-Aug
fall intersects with the lows of Jun 18 & Jul 31.
- Friday saw the rate face headwinds from the off amid flaring Sino-U.S. trade
tensions. RBA Gov Lowe's upbeat comment re: Australian economy brought respite,
but later inspired a knee-jerk lower on a quickly downplayed mention of
unconventional policy tools. AUD/USD then stuck to a ~20 pips range above
$0.6800 before penetrating the round figure into the WMR fix amid broader risk
aversion, further incited by U.S. Pres Trump's comment that it would be "fine"
if September trade talks with China were cancelled.
- Australian data this week include domestic NAB biz. conf. (Tuesday), as well
as the key labour mkt report & quarterly wage price index (Thursday). RBA's Kent
speaks on Tuesday & his RBA colleague Debelle appears on Wednesday and Thursday.

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