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AUD/USD last trades at $0.7110 down ~10......>

AUSSIE
AUSSIE: AUD/USD last trades at $0.7110 down ~10 pips on the day in late Asia-Pac
trade. The pair remains in a downtrend in spite of a bounce from session lows at
$0.7088.
- The rate's decline earlier in the day can be attributed to broader risk off
flaws in early dealing, which weighed on the Aussie and added to the pressure
exerted by the weekend by-election results, which saw Australia's ruling party
lose its narrow legislative majority.
- Whereas the recovery can be attributed to a strong session for Chinese stocks.
- Bears look for a move below the Asia-Pac low before targeting the Oct 8 low at
$0.7041. Bulls need to reclaim the Oct 17 high at $0.7160 to allow them to
target the key $0.7200 bear channel top.
- Focus this week falls on RBA Dep. Gov. Debelle's & Assistant Gov. Bullock's
addresses on Tuesday. Elsewhere, the AU docket looks a little thin.

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