AUD/USD charted a Doji candlestick...........>

AUSSIE: AUD/USD charted a Doji candlestick yesterday. With phase-on deal already

priced in, renewed uncertainty about the future of U.S.-China trade relations

applied pressure to the Aussie. The rate probed the water below its 200-DMA at

$0.6889, before staging a rebound into the WMR fix. After peaking just shy of

the 38.2% retracement of the Dec 31 - Jan 8 slide at $0.6919, the pair pared

gains ahead of the close. It last trades at $0.6906, marginally higher.

- Sino-U.S. phase-one deal may have some negative impact on AUD in the longer

term, as it commits China to buy $200bn of U.S. products. RBA documents revealed

by BBG in Nov warned that such a provision may harm Australia's exports.

- The pricing of a 25bp rate cut from the RBA at their Feb meeting is back above

50%, last at ~55% vs. ~45% seen at the start to the week.

- Bulls look for a break above the aforesaid fibo retracement/Jan 13 high at

$0.6919/20. This would open $0.6943, the high of Jan 7. Bears need a fall below

Wednesday's low of $0.6877 before targeting the Jan 8 YtD trough at $0.6849.

- Australian housing finance data hits today. Friday's activity indicators & GDP

out of China will also provide interest.