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AUD/USD last seen at $0.7080, a touch........>

AUSSIE
AUSSIE: AUD/USD last seen at $0.7080, a touch lower on the day, after adding 21
pips on Friday, as the Aussie registered gains alongside global equity markets.
The rate also drew support from disappointing U.S. economic data, with both
Empire m'fing survey and industrial output missing forecasts.
- The initial bullish attention is now drawn to $0.7102/05, which represents the
21-DMA/cloud top. A break above that region would bring the 55-DMA at $0.7128
into play. On the downside, bears look for a fall below the 100-DMA/cloud base
at $0.7073/68, breached on Friday, before challenging the 200-HMA at $0.7055.
- Focus this week turns to the minutes from the RBA's most recent MonPol
decision (Tuesday), as well as the monthly labour market report (Thursday),
which is set to come under increased scrutiny given the Bank's reliance on the
labour market's strength in supporting its view on the economy. The quarterly
house price index and vacancies data will also provide some interest. On the
central bank front, RBA's Kent and Bullock are due to speak tomorrow and on
Wednesday respectively.

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