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AUD/USD last deals at $0.6920, unch. on......>

AUSSIE
AUSSIE: AUD/USD last deals at $0.6920, unch. on the day, after slipping 9 pips
yesterday, mostly on the back of a stronger greenback. Meanwhile, continued
worry re: Sino-U.S. trade tensions kept AUD limited, but a rally in iron ore
prices might have supported the currency to a slight degree.
- Bears look for a dip through yesterday's low of $0.0904 before challenging the
downtrend resistance-turned-support, which comes in today at $0.6884. Bulls
target $0.6948/51/53, which represent the May 15 high/21-DMA/61.8% fibo
retracement of the YtD range.
- Australian highlights this week include domestic capex data & building
approvals due Thursday, as well as private sector credit figures due Friday.

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