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AUD/USD trades flat at $0.6823 at typing.....>

AUSSIE
AUSSIE: AUD/USD trades flat at $0.6823 at typing. Australian ANZ Roy Morgan
Weekly Consumer Confidence Index extended rebound from a multi-year low touched
two week ago and printed at 109.0. We also heard from RBA Gov Lowe, whose speech
centred around payments system & digital economy but didn't touch upon MonPol.
In Q&A Lowe said that while GDP outcome was expected, a weakness in consumption
was a surprise but he thinks Australians will eventually start spending tax
rebates. AUD has been unfazed by these comments.
- Australian Q3 house price index & NAB biz. conf., as well as China's inflation
figures are worth watching today. Aussie Westpac cons. conf. hits on Wednesday.
- The rate shed 18 pips Monday with AUD weighed from the off by disappointing
Chinese trade data released over the weekend, coupled with uncertainty re:
U.S.-China trade talks as the Dec 15 tariff deadline approaches.
- Bears continue to target the 50-DMA/100-DMA at $0.6817/08 and if these levels
gave way, the downside focus would turn to the $0.6800 mark. Bulls need a move
through the 50% retracement of the Oct 31 - Nov 29 sell-off at $0.6842 before
focusing on the Dec 3 high of $0.6862.
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