AUD/USD last deals at $0.6910, almost........>

AUSSIE: AUD/USD last deals at $0.6910, almost unchanged on the day.

- The pair extended its bearish trend on Friday, closing lower for the sixth

consecutive session, with familiar themes of RBA easing bets, global trade &

geopolitical tensions still in play. More pressure came from solid advance Q2

GDP released out of the U.S., with USD drawing further strength from White House

adviser Kudlow's assertion that there will be no currency intervention to weaken

the greenback (even as later U.S. Pres Trump's comments were more ambiguous).

- The first major post-election poll circulated by the Australian showed that PM

Morrison's conservative gov't leads the opposition by 53% to 47%.

- Should the rate manage to penetrate the $0.6900 barrier, bearish focus would

return to the 76.4% fibo retracement of the YtD range at $0.6972. Worth noting

that a dip through the lower Bollinger band (2%) at $0.6904 will suggest an

imminent continuation of the downside move. Bulls look to return above the lower

1.0% 10-DMA envelope at $0.6923, which would expose the $0.6959 50-DMA.

- Australian building approvals, CPI and retail sales will be published on

Tuesday, Wednesday and Friday respectively. Focus is on the one in the middle.