AUD/USD has stuck to a tight, 16 pip range...>

AUSSIE: AUD/USD has stuck to a tight, 16 pip range through the lacklustre

Asia-Pacific session. Developments in the ongoing Sino-U.S. trade talks remain a

factor to watch, but optimistic reports failed to drive price action in any

meaningful way overnight.

- AUD/USD last trades flat at $0.7113. After the rate topped out just shy of the

$0.7129-$0.7132 region, which has capped gains this week, bulls continue to look

for clean break above. This would bring the 100-DMA at $0.7147 into view.

Conversely, should the rate ease further through the 100-HMA/200-HMA at

$0.7103/02, bears would target the 21-DMA at $0.7089.

- Australian docket during the remainder of this week is quite thin, but focus

next week will turn to domestic Westpac consumer confidence due Wednesday and

RBA Financial Stability Review due Friday, while RBA Dep Gov Debelle will speak

both on Wednesday and Thursday.