AUD/USD "particularly vulnerable to any break of the 0.7690/00 area this week"

Brief thoughts on the Australian dollar via National Australia Bank morning note

• AUD is particularly vulnerable to any break of the 0.7690/00 area this week
• China data and their return to global commodity markets after a week holiday, and local business and consumer confidence reading this week area all important, at a time when speculative position on the AUD remains close to 2013 highs

And, more (reviewing Friday's trade:

• AUD made its lowest level since a July 14 offshore on Friday (0.7733) before a small pull back.
• RBA Board member Ian Harper is his WSJ interview on Friday, was s lamenting slow wage growth/household income which he said "if it lost momentum, might be the basis for some sort of policy action".
• He also noted that the level of the Australian dollar also remains an inhibitor to growth even after recent falls "You wouldn't want to be jumping the gun and tightening too quickly" Harper said.

For more on Harper ICYMI - Friday's posts:

• More on RBA Harper saying "still not ruling out rate cut" - full text
• WSJ article: RBA Still Not Ruling Out Rate Cut