Friday's The broader risk-on theme spilled...>

AUSSIE: Friday's The broader risk-on theme spilled over through European dealing

before AUD/USD topped out at 5-week highs of $0.7259, with the pair closing

sub-$0.7200 as the USD benefitted from a strong domestic labour market report,

while U.S. advisor Kudlow played down any movement in U.S.-China trade talks. A

negative session for Wall St. also applied additional pressure, taking some

shine off of the pair's recent run from YtD lows.

- Bulls look for a close above $0.7200 to build on recent momentum and target

the 100-DMA & 23.6% of the 2018 range at $0.7269/84. Bears need to see a close

below the 50-DMA at $0.7166 to shift the outlook back to neutral, while a break

of the Oct 26 low at $0.7021 is needed for them to regain control.

- AU focus this week falls on tomorrow's RBA MonPol decision & Friday's

Statement on Monetary Policy.