AUD also benefitted from the equity..........>

AUSSIE: AUD also benefitted from the equity supporting measures out of China,

with AUD/USD adding 10 pips on the session to last deal at $0.7110, registering

a high of $0.7712 overnight.

- The rate ignored the marginal miss in headline Chinese GDP Y/Y. 

- Thursday's reaction to Aussie labour mkt data was muted, participants noted

that the fall in unemployment came as a result of the lower than expected

participation rate, which limited AUD upside.

- Resistance is noted at the 21-DMA ($0.7152). Bulls need a close above the

psychological $0.7200 level before targeting the 2018 channel top at $0.7209,

while bears look for a break of $0.7044.

- Focus this weekend falls on a key local Australian by-election, which has the

potential to remove the ruling govt's slim majority.