AUD/USD's downside move accelerated on.......>

AUSSIE: AUD/USD's downside move accelerated on Friday, as the pair made fresh

YtD lows ($0.7176). The rate last deals at ~$0.7185 after closing below $0.7200

for the first time since January 2017.

- Bulls are in need of a break back above $0.7305/10 to change the short-term

outlook. The 2% envelope 10-DMA line provides initial support ($0.7166), with a

break opening up the nearby December 23 2016 low ($0.7160), followed by the May

24 2016 low ($0.7145).

- It's a data heavy week in Australia, with retail sales headlining today, as

well as GDP input data ahead of Wednesday's final national accounts release.

There will of course be interest in tomorrow's RBA MonPol decision, especially

given Westpac's move to hike its standard mortgage rate last week Elsewhere RBA

Gov. Lowe will speak late on Tuesday.