"RUBIO: HOPE TO CONVINCE CHINA TO PLAY A MORE ACTIVE ROLE IN TRYING TO CONVINCE IRAN TO WALK AWAY FR...
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| 2215BST | 0615HKT | 0815AEST | RBA's Hauser Fire-Side Chat |
| 2220BST | 0620HKT | 0820AEST | Fed's Miran In Moderated Conversation |
| 2245BST | 0645HKT | 0845AEST | New Zealand Feb Net Migration |
| 2301BST | 0701HKT | 0901AEST | UK Mar BRC Sales Y/Y |
| 0030BST | 0830HKT | 1030AEST | Australia Apr Westpac Consumer Sentiment |
| 0130BST | 0930HKT | 1130AEST | Australia Mar NAB Business Survey |
| 0200BST | 1000HKT | 1200AEST | China Mar Trade Data |
| 0335BST | 1135HKT | 1335AEST | Japan 20yr Bond Sale |
| 0430BST | 1230HKT | 1430AEST | Japan Feb F Industrial Production |
Source: Bloomberg Finance L.P./MNI
USDCAD traded lower last week. Despite the move down, a bull cycle remains intact and for now, short-term weakness is considered corrective. Moving average studies are in a bull-mode position, highlighting a dominant uptrend. Support at the 50-day EMA lies at 1.3773. A clear break of the 50-day average is required to signal a stronger reversal. A reversal higher would refocus attention on 1.3967, the Mar 31 high and bull trigger.
A bullish theme in AUDUSD remains intact. The setup in the 20- and 50-day EMAs remains bullish - highlighting a dominant uptrend. An extension would open 0.7103, a Fibonacci retracement, ahead of key resistance and a bull trigger at 0.7187, the Mar 11 high. First support to watch lies at 0.6971, the 50-day EMA. A clear break of the 50-day average would undermine the bull theme.