AUD/USD retested Monday's lows after.........>

AUSSIE: AUD/USD retested Monday's lows after coming under fresh pressure on the

back of the BBG source piece which suggested that "Chinese & U.S. off'ls are

struggling to agree on the schedule for a planned meeting this month." AUD/USD

last deals at $0.6714, a couple of pips lower on the day. Initial support is

seen at $0.6690, the low from August 26, while a break below $0.6677 would

confirm a resumption of the downtrend, opening $0.6600 initially. For bulls

though, a break of $0.6822, the high of Aug 8, would instead signal a potential

trend reversal & open $0.6880 initially.

- AUD/NZD deals at NZ$1.0650 after the pair's leg away from the double bottom

area established on Aug 6. Bulls look to clear channel resistance drawn from the

Aug 7 high, at NZ$1.0701 today. Meanwhile, bears will look for a break below

trend support drawn from the Aug 6 base, NZ$1.0632 today. A move blow here,

followed by NZ$1.0600, would allow them to focus on the 21-dma at NZ$1.0557.

- We outlined the backdrop surrounding today's key AUD risk event, the RBA

MonPol decision, in an earlier bullet. Australian retail sales, Q2 BoP data &

net exports contribution to GDP are also due.