AUD/USD last deals at $0.7081, almost........>

AUSSIE: AUD/USD last deals at $0.7081, almost unch. on the day, after finishing

29 pips worse off Friday, as the rate round tripped from session lows of $0.7095

in the Asia-Pac hours, with AUD weakness reportedly stemming from AUD sales vs.

NZD, before ebbing lower through the day on the back of soft risk appetite.

- On the political front, the weekend saw an electoral victory for the incumbent

Liberal-National gov't of Australia's most populous state of New South Wales.

This comes as a sigh of relief for the federal Liberal-National gov't, which is

preparing for a general election, scheduled for May.

- Bears look for a clean break below Friday's low of $0.7076, ahead of the cloud

base at $0.7049, which also limited losses on Mar 13. On the topside, the

initial bullish target is provided by the $0.7090-93 region, which hosts the Mar

21 low, 200-HMA and 21-DMA.

- The AU economic docket is rather thin this week, with private sector credit

data due on Friday. Elsewhere, RBA's Ellis and Kent will speak tomorrow and the

day after respectively. Any fallout from the Sino-U.S. trade talks will also

provide interest, as top U.S. trade negotiators travel to Beijing this week.