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Monday saw AUD/USD make two unsuccessful.....>

AUSSIE
AUSSIE: Monday saw AUD/USD make two unsuccessful attempts at making a clean
break above the psychological $0.7000 barrier, before the rate finally pushed
above there after the WMR fix, aided by broader USD weakness. Liquidity was
thinned by a public holiday in Australia.
- Australian Treasurer Frydenberg spoke with Sky News earlier this morning,
noting that the gov't's boosted instant asset write-off scheme has had a "very
strong take up" and "will be seen as a very welcome move by businesses right
across the country".
- AUD/USD last trades at $0.7020, little changed on the day. The initial bullish
target is located at $0.7032, the high of Dec 31, 2019. A break above this key
resistance would open Jul 19, 2019 high of $0.7082. Bears look for a pullback
under the $0.7000 mark, towards Jun 3 low of $0.6857.
- Australian data this week include ANZ job ads & NAB Biz. Confidence (today),
as well as Westpac Consumer Confidence and housing finance data (Wednesday).

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