Comments from RBA board member Harper, who...>

AUSSIE: Comments from RBA board member Harper, who reiterated that he believes

the next move in the cash rate will be up, pointing to a strong budget and

labour market, have allowed AUD/USD to move back to near unchanged levels, last

5 or so pips lower on the day at $0.7160.

- Harper's comments may disappoint those who were looking for a dovish tilt at

the RBA's first MonPol decision of 2019, due next week. AU CPI, due tomorrow,

provides the immediate domestic risk event for the space.

- Rate had earlier printed a low of $0.7138, on the back of a soft NAB business

survey. Bears need a clean break below the 21-DMA at $0.7140 before challenging

the 1.0% 10-DMA envelope at $0.7082. Meanwhile, bulls eye the 50-DMA/100-DMA at

$0.7168/70, while the next layer of resistance above is provided by $0.7204,

where the rate peaked yesterday.