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The Asia-Pacific session saw AUD/USD fall....>

AUSSIE
AUSSIE: The Asia-Pacific session saw AUD/USD fall 22 pips, with the move
underpinned by a combination of a broader risk-off tone and disappointing data.
The pair last deals at $0.7060, which represents its 200-DMA.
- AUD had already modestly underperformed before the Westpac consumer confidence
index printed at the lowest level since Sep 2017, sending the currency further
below its G10 peers.
- AUD/USD then ticked away from worst levels, as ANZ said that they exp. the RBA
to keep its cash rate unch. through 2019 and 2020, in contrast to a recent
series of changes to RBA calls by major banks. However, ANZ's decision failed to
provide any lasting support and the rate registered fresh session lows later in
the day.
- A concerted move below the 200-DMA would see focus move to $0.7049, which
represents the 100-HMA and has limited losses today. Below here opens the lower
Bollinger band (2%) at $0.7008. On the topside, focus falls on the cloud base at
$0.7068, ahead of the Mar 6/5 high of $0.7092/97.
- A batch of Chinese activity data, due tomorrow, will provide some interest.
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