AUD/USD deals at $0.7104, almost unchanged...>

AUSSIE: AUD/USD deals at $0.7104, almost unchanged on the day, after adding 16

pips Thursday. In yesterday's Asia-Pac session, the pair advanced to session

highs of $0.7132, propped up by stronger than exp. Chinese trade & BBG reports

suggesting that the U.S. is weighing a 60-day extension to the Chinese tariff

deadline. Although soft domestic data weighed on USD, the pair fell to session

lows of $0.7072 in the London afternoon, as BBG reported that the aforementioned

trade talks entered a deadlock over differences re: U.S. demands for structural

reforms in China, but recovered somewhat towards the end of the day. 

- RBA's Kent has noted that "while the AUD is still within the relatively narrow

range of the past few years, the recent dep'n is helpful at the margin given

that there remains spare capacity in the econ & inflation remains below target."

- Initial resistance noted at yesterday's high/50-DMA at $0.7132/39, followed by

the 21-DMA at $0.7155. On the downside, the initial spotlight falls on the

100-HMA at $0.7096, ahead of $0.7068, which represents the cloud top. 

- Australian focus next week turns to RBA Feb meeting minutes due Tuesday,

domestic labour mkt data due Thursday & RBA Gov Lowe's remarks due Friday.