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Questions re: the timing and location of a...>

AUSSIE
AUSSIE: Questions re: the timing and location of a summit where Presidents Trump
and Xi could sign their phase-one trade deal exerted pressure on the Aussie.
AUD/USD gave away 14 pips and now trades at $0.6870. A beat in Australia's trade
balance triggered a mere knee-jerk higher, which was promptly erased.
- Bears continue to target the 100-DMA, which intersects at $0.6850 and a break
here would open up $0.6810/09, which represent the 50-DMA/Oct 25 low. Meanwhile,
a jump above the Sep 12 high of $0.6895 would shift bullish focus to the Oct 31
peak at $0.6930.
- Remaining Aussie highlights this week are domestic housing finance data and
the RBA's most recent SoMP, both due for release tomorrow.

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