AUD/USD has added 7 pips thus far and last...>

AUSSIE: AUD/USD has added 7 pips thus far and last deals at $0.7193 after

finishing 19 pips higher Tuesday, as USD weakness observed around the 1600GMT

fix allowed the rate to shake off its earlier weakness, noted on the back of

modest risk-off flows, stemming from fresh tensions in Indian-Pakistani

relations, as well as an FT report stating that "a group of senators have

written to Rick Perry calling on the U.S. energy sec to ban solar equipment made

by Huawei."

- Also yesterday, RBA's Harper told MNI that "if the labour market remains

strong, then the next move is up rather than down, even though such a move may

be some way off," citing his personal views on the matter.

- The initial bullish target is provided by the 1.0% 10-DMA envelope at $0.7208,

ahead of the 200-DMA, located at $0.7259. Meanwhile, bears look to the up

trendline from Jan 3 at $0.7177, followed by the 100-DMA/21-DMA at $0.7163/53.

- AU focus falls on the first round of Q4 GDP partials due later today and

Thursday, while Chinese PMI data, due Thursday and Friday, will also provide

some interest.