AUD/USD last seen at $0.6902, unchanged on...>

AUSSIE: AUD/USD last seen at $0.6902, unchanged on the day.

- The rate extended its losing streak to the seventh consecutive session

yesterday. It edged lower from off, amid a broader cautious feel, and remained

heavy as the greenback gained poise. The $0.6900 barrier generally provided a

layer of support, but was briefly taken out during a sell-off into the WMR fix.

AUD/USD promptly returned above the round figure after what was its first breach

in more than a month.

- A dive through the lower Bollinger band (2%) at $0.6890 would support the

bearish theme, shifting focus to $0.6872, the 76.4% Fibonacci retracement of the

rally from YtD low to YtD high. Bulls need a return above the lower 1.0% 10-DMA

envelope & Jul 11 low at $0.6911 before attempting a move at $0.6960, which

represents the 50-DMA.

- Australian building permits hit later today and retail sales will be published

on Friday, but the main focus falls on tomorrow's release of Aussie CPI.