AUD/USD shed 19 pips overnight and last......>

AUSSIE: AUD/USD shed 19 pips overnight and last sits at $0.7231, with AUD

underperforming its G10 peers, weighed on by a soft domestic building approvals

print, which slipped by 8.4% M/M against exp. of a 2.0% increase, and broader

yuan weakness. 

- It is worth mentioning that the Australian Royal Commission published its

findings into the conduct of the banking sector, which saw 24 misconduct cases

referred to regulators and 76 recommendations made; no criminal charges were

levied and no structural separation orders were issued. 

- Bears look for a fall below the cloud top at $0.7206 before attempting to

challenge the 21-DMA at $0.7181. Meanwhile, initial bullish focus falls on the

upper 1.0% 10-DMA envelope at $0.7258 and a break above would bring the upper

Bollinger band (2%) at $0.7272 into play. 

- The RBA is set to deliver its MonPol decision Tuesday, with the Bank expected

to leave the cash rate unch at 1.50%. Elsewhere, AU focus this week falls on

retail sales & trade balance due Weds, a speech by RBA Gov Lowe on Wednesday, as

well as the RBA's SoMP due Fri.