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AUD/USD last trades flat $0.7174, after......>

AUSSIE
AUSSIE: AUD/USD last trades flat $0.7174, after Friday saw firm risk appetite
push AUD to the top of the G10 currency board, which allowed the rate to close
49 pips higher.
- The rate gyrated in Friday's Asia-Pac session, as the RBA's semi-annual
Financial Stability Review assessed Australian financial system as "resilient,"
but at the same time pointed to "growing downside risks" and noted falling
Sydney property prices. However, the release of stronger than expected Chinese
trade balance and financing figures in the European morning triggered fresh
AUD/USD demand, sustained thereafter thanks to solid global equity performance.
- The initial layer of resistance is provided by $0.7193, which hosts both the
200-DMA and the upper Bollinger band (3%). Conversely, bears look to the
100-HMA/100-DMA at $0.7147/39, after these levels were breached on Friday.
- On the data front, Australian focus this week turns to domestic labour mkt
report due Thursday. On Tuesday, the RBA will release its latest MonPol meeting
minutes. Chinese retail sales, industrial output and GDP, due Thursday, will
also provide interest.

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