AUD/USD has edged higher and last deals at...>

AUSSIE: AUD/USD has edged higher and last deals at $0.7100 after the latest AiG

PMI data indicated that the expansion of Aussie m'fing sector accelerated in

February. Elsewhere, CoreLogic Price Index declined by 0.9% vs. the prev. 1.2%

fall.

- The rate dropped 44 pips yesterday, as USD drew support from stronger than

exp. GDP & Chicago PMI, while positive rhetoric around Sino-U.S. trade

negotiations failed to trigger an AUD recovery. As a reminder, White House top

econ adviser Kudlow said that a "remarkable historic deal" is nigh, while BBG

cited sources familiar with the matter claiming that "U.S. officials are

preparing a final trade deal, that U.S. Pres Trump & Chinese Pres Xi could sign

in weeks."

- Initial resistance noted at the 50-DMA/55-DMA, located at $0.7131/33. A break

above would open up the 21-DMA at $0.7145. On the downside, initial attention is

drawn to $0.7090, where the rate bottomed on Thursday, ahead of the cloud top at

$0.7082.

- Australian focus turns to Chinese Caixin m'fing PMI due at 0145GMT.