AUD/USD trades flattish at $0.6754 at........>

AUSSIE: AUD/USD trades flattish at $0.6754 at typing. Q2 completed construction

work headlines today's docket in Australia.

- Tuesday saw AUD falter alongside its commodity-tied peers, amid a turnaround

in sentiment as participants weighed conflicting signals re: global trade.

AUD/USD slid from the off, with some weight added as RBA Dep Gov Debelle praised

the impact of a weak AUD & noted that if rates fell to "around 0.5%" the RBA

would have to consider "other options." European hours brought some reprieve,

but recovery ran out of fuel at $0.6772 and the rate faded in the U.S. session.

- An NAB survey revealed that Australian pension funds are taking on more FX

risk, BBG reported. Elsewhere, MNI understands that the RBA would implement a

package of measures rather than just QE, if prompted to boost stimulus.

- Bears eye the Aug 14 & 23 lows, which coincide at $0.6736, before targeting

the lower 1.0% 10-DMA envelope at $0.6700. Bulls look to the 23.6% retracement

of the Jul-Aug slide at $0.6773, ahead of the trendline resistance at $0.6783.

- Thursday's release of Q2 capex will provide another quarterly GDP input.

Building approvals & private sector credit data for July are due on Friday.