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AUD/USD struggled for a clear direction on...>

AUSSIE
AUSSIE: AUD/USD struggled for a clear direction on Monday and finished just
slightly above neutral levels. Participants assessed the coronavirus situation &
simmering U.S.-China tensions, with eyes also on month- & quarter-end flows.
- The rate sits at $0.6868 at typing, little changed on the day. The bullish
case is supported by a golden cross formation, with topside focus falling on Jun
16 high of $0.6977. Above there would expose the round figure/Jun 11 high of
$0.7000/05. Bears need a fall through Jun 22 low of $0.6805 to open up Jun 15
low of $0.6777.
- Australian PM Morrison announced that the gov't will invest A$1.35bn over the
next 10 years to boost the country's cybersecurity. The Cuber Enhanced
Situational Awareness and Response package is expected to create 500 jobs.
- Australian private sector credit, weekly payroll jobs and wages & comments
from RBA Dep Gov Debelle are due later today. AiG M'fing PMI, final CBA M'fing
PMI & building approvals hit on Wednesday. Trade balance and retail sales are
due Thursday and Friday respectively.

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