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AUDUSD deals at ~0.7610, recovering from a...>

AUSSIE
AUSSIE: AUDUSD deals at ~0.7610, recovering from a brief knee jerk lower which
came in the wake of the questions posed by the events at the weekend's G7
summit, resulting in an early session low of 0.7573.
- The pair squeezed to a high of 0.7677 on Thursday, but has since faded, with
resistance now noted at Friday's high (0.7627). Support is noted at the 21-DMA
(0.7565). - AUD liquidity may be a little thinner than usual on Monday owing to
the Queen's birthday holiday being observed in Australia.
- This week's major AU risk event comes in the form of Thursday's labour market
report. RBA Governor Lowe will speak on Wednesday, with RBA's Ellis due on
Friday.
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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