AUD/USD last trades at its 21-DMA of.........>

AUSSIE: AUD/USD last trades at its 21-DMA of $0.6931, a touch higher on the day.

- A speech from RBA Gov Lowe, due at 00:30BST/09:30AEST is much awaited, bearing

in mind that the governor's speech last week sent implied probability of a cut

at the next RBA MonPol meeting higher by 20pp (it now sits at ~77%).

- Also this week: RBA Asst Gov Bullock speaks on Tuesday, while private sector

credit data comes out on Friday.

- On the technical front, a break above the 50-DMA and the upper 1.0% 10-DMA

envelope, which coincide at $0.6979, would give bulls some upside momentum. The

50-DMA has remained intact since mid-April. Bears look to the psychological

$0.6900 barrier before challenging the 200-HMA/100-HMA at $0.6898/93.

- AUD/USD finished virtually unch. Friday, after a round trip from the intraday

low of $0.6903. AUD faced pressure as risk appetite turned sour on reports

stating that U.S. Pres Trump approved strikes against Iran but called them off

last minute. Nonetheless, broader USD weakness prompted recovery later on.

- Worth noting there has been talk of introducing QE by the RBA among Aussie

economists recently, even as Gov Lowe ruled this out before.