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AUD/USD operated within a 24 pip range.......>

AUSSIE
AUSSIE: AUD/USD operated within a 24 pip range overnight and is now back to
nearly unchanged at $0.6774. Highlight on the local docket today were the
minutes of the RBA's latest monetary policy meeting, but the release saw muted
reaction in the FX space. The document revealed that RBA members weighed a
number of potential impediments to monetary stimulus, but these factors failed
to outweigh the case for a rate cut.
- Elsewhere in local data, ANZ Roy Morgan weekly consumer confidence index
slipped to 110.9 from the previous 112.3.
- The pair showed above its 50-DMA of $0.6779, but failed to consolidate there.
A firm rally through the level would shift bullish focus to $0.6809-11, a
resistance zone hosting the high of Sep 20/61.8% retracement of the Sep 12 - Oct
2 slide & the high of Oct 11. Bears look for a downside breach of the 21-DMA,
which intersects at $0.6764 and provided support overnight. Below opens Monday's
low of $0.6751.
- Aussie labour market report and a speech from RBA Dep Gov Debele are due
Thursday, before the central bank's chief Lowe appears on Friday.

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