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AUD/USD last trades at $0.6859, a touch......>

AUSSIE
AUSSIE: AUD/USD last trades at $0.6859, a touch lower on the day.
- This comes after the rate sold-off Friday, with the downside momentum ignited
after the release of the RBA's most recent SoMP, which included a some downbeat
notes such as a downgrade to the 2020 growth forecast. Meanwhile, duelling
headlines re: U.S.-China trade talks boosted uncertainty. U.S. Pres Trump's
comment that "I haven't agreed to anything" fuelled existing worries, adding
weight to the Aussie.
- Bears keep an eye on the 100-DMA at $0.6849, which cushioned Friday's fall.
Below there would open the 50-DMA/Oct 25 low at $0.6816/09. Bulls need a move
above the Oct 22 high of $0.6883 before setting their sights on the Sep 12 peak
at $0.6895.
- The Australian docket this week includes NAB business confidence (Tuesday),
Westpac consumer confidence (Wednesday) and the key labour mkt report
(Thursday). RBA Asst Gov Bullock speaks on Thursday, while Dep Gov Debelle makes
an appearance on Friday.

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