AUD/USD last deals at $0.7042, unchanged.....>

AUSSIE: AUD/USD last deals at $0.7042, unchanged on the day. Initial resistance

noted at $0.7053/55, which capped gains on Apr 2/3, ahead of Friday's high of

$0.7061. Bears eye the lower Bollinger band (2%) at $0.7018.

- On Friday, the rate edged lower into the Tokyo fix, before AUD caught a bid on

the back of fresh yuan demand, inspired by firmer than exp. central yuan fixing

and comments from Chinese President Xi, who said the Beijing "will not pursue

CNY depreciation that harms others," stressing that the country will "keep the

yuan stable at its equilibrium level."

- AUD/USD climbed further in the London morning, ahead of the release of U.S.

GDP. The pair spiked lower on the back of stronger than exp. headline figure,

but bounced higher immediately, as breakdown numbers proved disappointing.

AUD/USD extended gains thereafter, topping out just above $0.7060 before easing

off, and closed 27 pips higher on the day.

- Aussie highlights this week include domestic private sector credit data due

Tues, m'fing PMI due Weds & building approvals due Fri. PM Morrison will take

part in a leaders' debate with Labour's Shorten later today.