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The early part of today's Asia-Pac session...>

AUSSIE
AUSSIE: The early part of today's Asia-Pac session sees AUD/USD trading at
$0.7100, a touch lower on the day.
- Worth mentioning Australian ANZ Roy Morgan weekly cons. conf. printed at 111.9
vs. the prior 109.5. Elsewhere, today's speech from RBA's Kent offered nothing
notable re: MonPol or the economic outlook.
- On Monday, the second half of the Asia-Pac session saw AUD/USD touch intraday
highs of $0.7120 on the back of positive risk appetite and firmer iron ore
prices, which rose on the back of supply worries linked to Brazil's Vale SA.
This allowed the pair to close ~20 pips higher, even as it pared some of its
earlier gains through the day.
- After a descent through the 21-DMA at $0.7101, bears turn their attention to
the 100-DMA at $0.7080, followed by the cloud base at $0.7068. Meanwhile, bulls
look for a return above the 21-DMA before challenging the 55-DMA at $0.7129.
- Australian Q4 house price index will be released at 0030GMT/1130AEDT,
alongside the minutes from RBA's March policy meeting. Elsewhere, RBA's Bullock
speaks tomorrow, while Australian labour mkt report comes out on Thursday.

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