AUD/USD last seen at $0.6863, almost.........>

AUSSIE: AUD/USD last seen at $0.6863, almost unchanged on the day.

- The pair was offered through yesterday's Asia-Pac session, amid a combination

of (1) some dovish accents in the latest RBA meeting minutes, (2) the PBoC's

decision to only partially roll the maturing MLF at a steady interest rate, (3)

the largest weakening of the PBoC fix in 3 weeks and (4) broadly cautious mood.

Whereas European hours saw a spell of consolidation, the rate wiped out its

earlier losses thereafter as USD softened alongside U.S. Tsy yields on the back

of money-market matters.

- Bulls would be pleased by a rally above the 50.0% retracement of the Jul-Aug

slide at $0.6880 and further, above the Sep 12 high of $0.6895. A breach of the

latter level would confirm the resumption of the uptrend. Meanwhile, the initial

bearish target is provided by $0.6832, which represents the 38.2% retracement of

the aforementioned range, which limited losses yesterday.

- Focus turns to Australian labour market report, due Thursday.