AUD/USD faded slightly after jumping.........>

AUSSIE: AUD/USD faded slightly after jumping initially, now trades at $0.6924,

+14 pips. The rate has drawn some support from UK exit polls released into the

Asia open, as the Tory party seems poised to win a comfortable majority in the

Commons amid a slump in Labour support. This has played out against the backdrop

of positive risk sentiment, fuelled by U.S. Pres Trump's decision to strike a

trade pact with China to avoid the tariff hike planned for Sunday. This was

suggested by press reports & Trump's Twitter activity earlier on Thursday.

- AUD/USD had a look above the Oct 31 high of $0.6930. Bulls need a firm push

above there and today's peak of $0.6939 to clear the way for a potential run at

the $0.7000 level. Bears look for a drop under the 200-DMA at $0.6911 before

targeting the Dec 3 high of $0.6862.

- The IMF urged Aussie states to reconsider exp. infrastructure spending cuts.

- On the data front, the main point of note in Australia next week is the key

labour market report, due Thursday. Monday's flash PMI surveys from CBA will

also be of interest. RBA's Kearns speaks on Monday, while RBA Dec MonPol meeting

minutes come out on Tuesday.