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AUD/USD trades around unchanged levels at....>

AUSSIE
AUSSIE: AUD/USD trades around unchanged levels at $0.7045, with little follow
through on the back of the weekend rhetoric between U.S. President Trump & his
Chinese counterpart Xi re: trade & an uptick in U.S. equity index futures.
- While the pair steered clear of falling to fresh multi-year lows Friday, it
remains uncomfortably close to the $0.7017 level printed Thursday. The
psychological $0.7000 level is increasing in importance heading into the new
year. Conversely, bulls look for a move above a recent series of intraday highs
layered between $0.7069 & $0.7149, and ultimately a rally through the 50-DMA of
$0.7187 & the 100-DMA at $0.7194 to arrest the decline.
- Lower tier AU data is due this week, with CoreLogic house price data, due
Wednesday, headlining.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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