AUD

AUDUSD back near unchanged. Sellers had their shot. Buyers had their shot. Both missed

• It will be a redo tomorrow as buyers and seller continue to battle it out

RBC trade of the week: Sell AUD/CAD

• RBC recommends selling AUD/CAD as it anticipates a decline towards 0.8600, driven by key data in China and USD gains.

AUDUSD buyers make a play with work to do to give buyers more control

• Getting to and through the 38.2% retracement of the move down from the July 27 high at 0.65378 still needed

Australian data - July building permits -8.1% m/m (vs. -0.8% expected)

Australian data - Q2 Construction work done +0.4 q/q% (expected +1.0%)

Australian July inflation data 4.9% y/y (vs. 5.2% expected)

• Monthly CPI reading from the Australian Bureau of Statistics

Australian July inflation data due soon - an outside chance its higher than in June

Standard Chartered cut their RBA terminal rate forecast by 25 basis points

ICYMI: RBA's Bullock says Inflation is still too high, it'll be her #1 priority as new gov

Australian monthly inflation data due soon - previews

AUDUSD tilts bias to the downside as dollar buying pushes the pair below hourly MAs

• The 100 and 200-hour MAs at 0.6423 to 0.64586 are now close risk.

RBA’s own staff could be signalling low faith in durably hitting the Bank's CPI target

Australia data - ANZ Roy Morgan weekly consumer confidence 78.1 (prior 79.0)

RBA Deputy Governor Michele Bullock speaking Tuesday: "Climate Change and Central Banks"

AUD/USD bounce limited by key near-term resistance so far today

• The pair is hovering around its 100-hour moving average for now