AUD/USD added 20 pips overnight and last.....>

AUSSIE: AUD/USD added 20 pips overnight and last trades at $0.7094, as the

Aussie took advantage of positive risk sentiment, supported by continued

optimism re: the ongoing Sino-U.S. trade talks.

- After the rate failed to test the 100-HMA/200-HMA at $0.7101/02 in Asia-Pac

trade, bulls look for a clean break above those levels before challenging the

50-DMA at $0.7121. Meanwhile, bears look for a return below $0.7083, which

represents the 21-DMA.

- The Australian docket next week is quite densely packed. NAB biz. survey comes

out on Monday, while Tuesday will see the RBA issue its latest MonPol decision,

the release of the latest gov't budget & the monthly building approvals print.

Retail sales & trade balance are due Wednesday.

- Elsewhere, focus will fall on Chinese off'l PMI data due over the weekend and

Caixin PMI data due later in the week, as well as Sino-U.S. trade matters.