AUD/USD last trades at $0.7090, barely.......>

AUSSIE: AUD/USD last trades at $0.7090, barely changed on the day, ahead of the

RBA MonPol decision due at 0330GMT/1430AEDT. For our comprehensive preview,

visit https://emedia.marketnews.com/MNI_RBA_Preview_-_050319.pdf.

- Also today, Australia will see the release of its Q4 BoP c/a balance & net

exports of GDP. Domestic Q4 GDP is due Wednesday, as is a press conference with

RBA Gov Lowe, while retail sales & trade balance will hit on Thursday.

- The rate added 13 pips Monday, although it gradually ebbed off of highs noted

around the Asia-Pacific open, as the impact of WSJ & BBG reports suggesting that

the U.S. and China are close to signing a trade deal gradually faded.

- Bears look to $0.7070, which represents the cloud top & the Feb 21 low. The

next layer of support below is located at the 1.0% 10-DMA envelope at $0.7059.

Conversely, bulls look for a break above the 100-HMA at $0.7114, followed by the

200-HMA, situated at $0.7127.

- Outside Australia, China's annual 2 sessions & Chinese Caixin services &

composite PMIs will also provide some interest.