• +0.15 after tumbling 0.9% on Friday, as the safe-haven USD moved higher

• AUD/USD -1.6% last week with risk, as Wall Street fell, amid default fears

• Soured sentiment also weighed on commodities, which broadly fell last week

• No Australian data today, so risk appetite and the U.S. dollar likely lead

• Charts; conflicting momentum studies, 5, 10 & 21 day moving averages

• 21-day Bollinger bands are starting to expand - neutral setup at present

• Failed at the upper 21-day Bolli, now 0.6795, and closed below 0.6689 21 DMA

• This is a bearish signal - targets 0.6582 lower 21-day Bollinger band

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