Following a slightly more upbeat RBA.........>

AUSSIE: Following a slightly more upbeat RBA meeting minutes release & much

stronger than exp. AU House Price release the AUD moved higher, but AUDUSD found

sellers in front of 0.7720. There is option interest in the cross at 0.7710,

with A$820mln set to roll off at that particular strike at Tuesday's 10AM NY

cut, with talk of macro sell orders > 0.7720.

- Fresh '18 AUDUSD lows have lacked follow through. Bulls now need a close >

0.7736 to gain breathing room. While 0.7736 caps bears remain focused on tests

of 0.7572-80 where Dec lows & the bull channel base off '16 lows are situated.

- The story is similar in EURJPY, with the Bollinger base noted at 81.64,

forming the key concern for bears. The recovery has remained capped ahead of

82.29.

- AUDNZD's sell-off from 1.0802 has resulted in fresh '18 lows. Focus is on

1.0464-1.0590 where the bear channel base & rising TL off '15 lows are situated.

Studies are well placed for losses but the Bollinger base (1.0654) is the key

concern for bears. Bulls now need a close > 1.0700 to ease bearish pressure &

target a correction back to 1.0802-63.