The Aussie has had little to trade off in....>

AUSSIE: The Aussie has had little to trade off in the first session of the week,

with tomorrow's domestic CPI release headlining the upcoming risk events. AUDUSD

last trades at 0.7670, with AUDNZD trading at 1.0645.

- As a reminder Wednesday represents ANZAC day, so expect AUD liquidity to be

diminished on Wednesday.

- AUDUSD's 200-DMA capped the pair last week with the sell-offs on Thursday &

Friday returning pressure to the 100-WMA (0.7645) & long term bull channel base

off 2016 lows (0.7603). Bears need a weekly close below the channel base to

shift focus lower. Bulls continue to look for a close above the low from April

12 (0.7735) to ease bearish pressure.

- AUDNZD's bounce from recent 2018 & 9mth lows confirmed the significance of the

long term rising daily trend line off 2015 lows (1.0477 today) with bulls now

needing a close above the 55-DMA (1.0678) to shift focus higher. Bears continue

to look for a close below the high from April 17 (1.0601) to ease bullish

pressure.