Aussie crosses picked up after the release...>

AUSSIE: Aussie crosses picked up after the release of solid Q2 GDP figures and

June macroeconomic indicators out of China. Despite slowing to the worst pace on

record, GDP growth matched forecasts. Meanwhile, retail sales and industrial

output both provided positive surprises.

- AUD/USD last at $0.7031, a dozen pips better off. The rate breached its

100-DMA at $0.7022, which shifts bullish focus to the upper 1.0% 10-DMA envelope

at $0.7061. Bears look for a return below the 100-DMA and the 50% of its YtD

range at $0.7018.

- AUD/JPY added 22 pips and last sits at Y75.99. The pair managed to violate the

Y75.89-93 zone, which registered a series of highs this month, but the Y76.00

mark remains hard to overcome. Above opens the Jul 1/Jun 10 highs of Y76.29/32.

- AUD/NZD last seen at NZ$1.0464, 25 pips worse off. Bears look to the trendline

support, today at NZ$1.0508, but the Jul 11 low of NZ$1.0444 might stand in the

way. Bulls eye the 21-DMA, located at NZ$1.0493.

- On the Australian docket this week are minutes from the RBA Jul MonPol

meeting, due Tuesday, and the key labour market report, due Thursday.