• Trades off 0.2% in a busy 0.6685-0.6716 range on LSEG FX Matching

• Risk off capped in Asia, as stocks slumped, Nikkei -3.6%, AsiaxJP -1.85%

• GDP missed 0.3% poll at 0.2%, as gov't spending supports the economy

• Cautious consumers, resilient inflation, productivity fell

• RBAWATCH prices a december cut at 23.25pts from 20.27 at Friday's close

• Charts, 21-day Bolli bands contract, 5, 10, and 21-day moving averages coil

• Daily momentum studies crest at elevated levels - a neutral setup

• Tuesday's 0.6792 top and last week's 0.6824 high are initial resistance

• August 22nd 0.6697 base and the 0.6697 21 DMA are under pressure

• A close below the 0.6696 21-DMA would suggest a deeper correction

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