AUD/USD is operating near the neutral........>

AUSSIE: AUD/USD is operating near the neutral levels, last at $0.6929. The pair

declined in Wednesday's Asia-Pac hours, as caution linked to worries re:

Sino-U.S. trade matters was further propped up by disappointing Chinese activity

data. Having printed a fresh multi-month low of $0.6915 pre-London noon, the

rate continued to test the figure, before recovering somewhat on reports the

U.S. Pres Trump might delay planned auto tariffs. After a modest pullback, the

pair closed 16 pips lower on the day.

- Bears look to the nearby lower 1.0% 10-DMA envelope at $0.6912, followed by

the psychological $0.6900 level. Below here would expose the 76.4% fibo

retracement of the year's range, located at $0.6872. A further breach would draw

attention to the 2.0% 10-DMA envelope at $0.6842. The initial bullish target is

provided by $0.6960, which represents the 100-HMA & Tuesday's high. Above here

would expose the 200-HMA at $0.6978, ahead of the psychological $0.7000 mark.

- All eyes are on the Aussie labour market report, due at 0230BST/1130AEST,

amidst the RBA's particular interest in the area. Australian cons. inflation

exp. and comments from RBA's Bullock are also due today.