AUD/USD last trades at $0.6911, almost.......>

AUSSIE: AUD/USD last trades at $0.6911, almost unchanged on the day. The minutes

from the RBA's latest MonPol meeting and a speech from RBA Gov Lowe, both due

today, will be closely scrutinised for any traces of an easing bias.

- The Aussie had a strong start to the week, with AUD/USD finishing 40 pips

higher Monday. The initial boost to the pair was provided by the preliminary

results of Australian federal elections, which saw a surprise win for the

incumbent Liberal/National coalition. Despite ebbing off of highs early into the

Asia-Pac session, the rate regained poise thereafter, aided by improving risk

sentiment, stronger oil prices, and projections suggesting that the ruling

coalition may secure parliamentary majority. AUD/USD pared some of its earlier

gains into the close, but remained elevated.

- On the technical front, a dip through $0.6900 would expose the $0.6878-71

zone, which hosts the lower 1.0% 10-DMA envelope, the 76.4% fibo retracement of

the year's range & the lower Bollinger band (2%). Below here would open up the

lower Bollinger band (3%)/lower 2.0% 10-DMA envelope at $0.6813/09. Bulls look

to the 200-HMA at $0.6941, ahead of the 21-DMA at $0.6996.