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AUD/USD lost ground at the start to the......>

AUSSIE
AUSSIE: AUD/USD lost ground at the start to the week as the weekend provided a
batch of alarming headlines on the coronavirus outbreak. Soaring case counts in
several places outside China & downbeat rhetoric from G20 FinMins on the matter
roiled risk appetite. The rate slipped under Friday's 11-year low but managed to
finish the day on the $0.6600 handle.
- When this is being written, AUD/USD trades little changed at $0.6607. Bears
need to see a break below Monday's trough at $0.6585 before setting their sights
on the lower 3.0% Bollinger band at $0.6557. Meanwhile, a clearance of the Feb
10 low & former breakout point at $0.6660 would encourage bulls to take aim at
trendline resistance intersecting at $0.6693.
- Wednesday's construction work done, Thursday's capex & Friday's private sector
credit data will provide interest in Australia this week.

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