AUD/USD last trades flat at $0.7249, with....>

AUSSIE: AUD/USD last trades flat at $0.7249, with Melbourne Institute Inflation

coming out at the top of the hour. 

- Friday saw the rate shed 23 pips, after early trade saw AUD underperform on

the back of a soft Chinese Caixin m'fing PMI print. Although the rate bounced

from worst levels in the European morning, it later came under pressure from

stronger than exp. U.S. economic data, with nonfarm payrolls, ISM m'fing & U. of

Mich sentiment (f) topping expectations. 

- Initial support is located at Friday's low of $0.7237 and a fall through that

level would draw bearish attention to the cloud top at $0.7206. Conversely,

bulls focus on the upper 1.0% 10-DMA envelope at $0.7260 before challenging

$0.7284, where the pair peaked Friday. 

- The RBA is set to deliver its MonPol decision Tuesday, with the Bank expected

to leave the cash rate unch at 1.50%. Elsewhere, AU focus this week falls on

retail sales & trade balance due Weds, a speech by RBA Gov Lowe on Thurs, as

well as RBA SoMP due Fri. Also worth noting that the findings of the Royal

Commission investigation into the banking sector will be published today.