AUD/USD faltered on the back of the..........>

AUSSIE: AUD/USD faltered on the back of the Chinese statement re: the latest

round of U.S.-China trade talks, with markets inferring that little progress was

made at the 3-day meeting. Pair fell to lows of $0.7146 on the statement, before

recovering a degree of poise, last dealing at $0.7161. 

- On the downside, initial focus falls on yesterday's low of $0.7135 and a break

below would draw bearish attention to the Jan 8 low at $0.7117. Conversely Bulls

look for a clean break above the 100-DMA/55-DMA at $0.7178/80, which would give

them the green light for challenging the 50-DMA at $0.7188, followed by

yesterday's high of $0.7194 and the psychological $0.7200 level.

- Domestic retail sales data headlines the Australian docket for the remainder

of the week, with broader risk sentiment remaining in focus.