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The late round of risk on flows on Friday....>

AUSSIE
AUSSIE: The late round of risk on flows on Friday allowed AUD/USD to breach the
Aug 13 high/psychological $0.7300 level, with the pair last dealing virtually
unchanged at ~$0.7310. Initial support is now noted at Friday's intraday low
($0.7253), with resistance in place at the 50% retracement of the move from
$0.7453 to $0.7203 ($0.7328).
- AUD traders will look to the release of the RBA's meeting minutes from its
August meeting, due Tuesday, with plenty of additional RBA-speak dotted
throughout the week (in the form of Gov. Lowe, Asst. Gov. Debelle & Boulton).
Economic releases include the AU Q2 completed construction print.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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