AUD/USD traded higher from the re-open,......>

AUSSIE: AUD/USD traded higher from the re-open, last 60 pips better off at

$0.7365, back from the early high of $0.7384.

- AUD benefitted from the U.S.-China trade war "truce" agreed over the weekend.

- Little reaction in the cross to the latest AU GDP partials released earlier

today. That comes after soft completed construction work & CapEx data last week,

although Q2's CapEx reading was subject to upward revisions, as was the

completed construction work metric for Q2.

- From a technical perspective, bulls are looking to the Aug 21 high at $0.7382,

while initial support is noted at Friday's intraday low at $0.7285.

- Focus in the early part of the week will fall on the broader risk backdrop,

ahead of Tuesday's RBA MonPol decision & Wednesday's AU GDP release. Later in

the week participants will look to AU retail sales and trade balance data, as

well as an address from RBA's Debelle.