AUD/USD last $0.7165, barely changed on......>

AUSSIE: AUD/USD last $0.7165, barely changed on the day, after falling 25 pips

Friday, with a knee-jerk spike to intraday high at $0.7214 noted upon the

release of a BBG story suggesting that China has offered path to eliminate its

trade imbalance with the U.S. Although U.S. officials poured some cold water on

the stories later in the day, as Larry Kudlow noted that the talks will take

some time. 

- Worth mentioning on Friday UK & Australia signed a pact, which seeks to boost

post-Brexit bilateral trade. The document still requires the approval of British

lawmakers. 

- As the rate has fallen through Friday's low, bearish focus turns to the Jan 17

low of $0.7147, while the next layer of support below is provided by the Jan 8

low at $0.7117. On the topside, bulls need to reclaim Friday's high before

challenging the Jan 17 high at $0.7222. 

- Australian labour mkt report due Thursday headlines the AU docket this week,

with a focus on Chinese GDP, due later today, & NZ CPI, due Wednesday.