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AUD/USD is back to virtually unch. & last....>

AUSSIE
AUSSIE: AUD/USD is back to virtually unch. & last deals at $0.7169. The rate
initially came under pressure from a BBG source story claiming that Sino-U.S.
trade negotiations are stuck in a deadlock over IP theft issues. The pair then
spiked to session highs of $0.7182 upon the release of Chinese 2018 GDP (in line
with exp.), as well as firmer than exp. Chinese Dec retail sales & industrial
output, but immediately retraced most of the move. 
- Bears keep an eye on the Jan 17 low of $0.7147 and a fall through that level
would shift their focus to $0.7146/35, which represents the Jan 10 low/Jan 9
low. Meanwhile, bulls target $0.7214, where the pair peaked Friday, before
challenging the Jan 17 high at $0.7222. 
- Domestic labour mkt report headlines the Australian docket this week.

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