AUD/USD shed 13 pips and last trades at......>

AUSSIE: AUD/USD shed 13 pips and last trades at $0.6814. U.S.-China tensions

over the Hong Kong situation were the main driver as U.S. Senate's unanimous

approval of a bill supporting the protests drew censure and threats of

retaliation from Beijing, potentially complicating bilateral trade talks.

- Skilled vacancies declined for the 10th month straight but the release failed

to elicit any market reaction. Westpac Leading Index slipped as well.

- Australia's financial crimes agency has launched legal action against Westpac,

accusing the banking giant of 23mn breaches of money-laundering and terrorism

financing regulations. Elsewhere, PM Morrison pledged to fast-track A$3.8bn of

infrastructure projects despite rejecting calls for additional fiscal stimulus.

- Bears look for a slide under the mid-point of the Oct bull mkt/Nov 18 low at

$0.6801/6799 before setting their sights on $0.6770, the 61.8% retracement of

the aforementioned rally and also the low of Nov 14. Bulls look to retake the

38.2% retracement of the Oct range at $0.6831, which capped gains overnight.

Above there would open up the the Nov 12/13 highs of $0.6857.

- Looking ahead, flash CBA PMIs are due on Friday.