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AUD/USD round tripped from an intraday.......>

AUSSIE
AUSSIE: AUD/USD round tripped from an intraday high of $0.6733 Monday, finishing
right where it closed on Friday, at $0.6714. The initial impetus was provided by
China's pledge to add efficient fiscal stimulus & upbeat rhetoric re:
coronavirus from a Wuhan hospital head. However, the rate shed those gains
through European & U.S. hours. Liquidity may have been sapped by a market
holiday in the U.S.
- The pair trades flat at $0.6714. A familiar technical picture remains in play,
with bulls targeting trendline resistance at $0.6736. A break here would expose
the Feb 5 high of $0.6774. Meanwhile, bears keep an eye on the Feb 13 low of
$0.6707 & a fall below there would bring the Feb 10 multi-year low of $0.6660
into view.
- Today's highlight is the publication of the minutes from the RBA's February
monetary policy meeting, during which members left the cash rate unch. at 0.75%.
- Data focus turns to Aussie skilled vacancies & wage price index (Wednesday),
labour market report (Thursday) & flash CBA PMIs (Friday).

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