AUD/USD has edged lower in late..............>

AUSSIE: AUD/USD has edged lower in late Asia-Pacific dealing, with the USD

advancing against its major counterparts ex-JPY on risk off flows, stemming from

matters surrounding Turkey. AUD/USD last at session lows of $0.7342.

- The cross has moved below the (Aug 03 low), and sits right on the July 18 low

($0.7343). Below here bears will look to trendline support ($0.7324) ahead of

the YTD low at ($0.7311). Bulls need a close above $0.7484 to regain traction

and challenge the 100-DMA ($0.7527).

- There was no notable reaction in AUD to the latest RBA SoMP, which held no

particularly large surprises with the change to the unemployment projection

flagged earlier in the week, while the short term minor moderation in the Bank's

inflation outlook does little to change policy stance. Commentary around wage

growth remains muted.

- Focus next week turns to the domestic labour market report, wage data,

confidence surveys and addresses from RBA' Gov. Lowe & RBA's Ellis. Traders will

also keep an eye on the latest round of Chinese Industrial production & retail

sales data.