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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

AUSSIE
AUSSIE: AUD/USD recovered from multi-year lows Monday as China continued to take
supportive fiscal & monetary measures, while Chinese CPI topped expectations &
accelerated to +5.4% Y/Y. In addition, some support came on the back of reports
re: some big names returning to work in China. The rate remained afloat despite
easing off somewhat late doors as DXY firmed up.
- The rate trades at $0.6686, barely changed on the day. A break above the 23.6%
retracement of the slide from the Dec 31 high to yesterday's YtD low at $0.6748
would open up the Feb 5 high at $0.6774. Bears, however, keep an eye on that YtD
low of $0.6660. Below there opens trendline support at $0.6615.
- Housing finance data & monthly NAB Biz. Conf. Survey headline the local docket
today. RBA's Heath & Lowe will speak on Wednesday & Thursday respectively.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com