AUD/USD last seen at $0.7055, virtually......>

AUSSIE: AUD/USD last seen at $0.7055, virtually unchanged on the day.

- The rate added 14 pips Monday. Strong Chinese industrial profits data from

over the weekend & AUD demand from local exporters buoyed the Aussie through the

Asia-Pac session, but AUD/USD gave away most of its earlier gains through the

European hours. Fresh demand emerging into the London fix, possibly on the back

of a rebound in iron ore & oil prices, allowed AUD/USD to approach its intraday

peak again, and finish just a handful of pips shy of best levels.

- After the rate topped out at Friday's peak of $0.7061 yesterday, bulls

continue to target the level. A topside breach would shift their focus to the

200-HMA at $0.7088, which also represents the Apr 8 high. A fall through the

lower 1.0% 10-DMA envelope at $0.7031 would open up the Apr 25 low of $0.6988, a

level last seen before in early Jan, while below here would extend the major

downtrend.

- Official (all) & Caixin (m'fing) PMI data from China, as well as Australian

private sector credit data take focus today. Aussie m'fing PMI is due Wednesday,

with building approvals due Friday.