AUD/USD last $0.7204, 15 pips higher on......>

AUSSIE: AUD/USD last $0.7204, 15 pips higher on the day, with the rate supported

by broader USD weakness and the MOFCOM statement which noted that U.S. Tsy Sec,

U.S. Trade Rep & China's VP "exchanged views on pushing forward timetable & the

roadmap for next stage of trade talks" as they spoke by phone. WSJ wrote that

"the three senior officials discussed Chinese purchases of agricultural products

and changes to fundamental Chinese economic policies during the phone call, said

people familiar with the conversation. They didn't provide further details." 

- Initial resistance noted at yesterday's high/100-DMA at $0.7227/33, followed

by the Dec 6 high at $0.7274. Conversely, initial support is located at the

lower Bollinger band (2%)/yesterday's low at $0.7174/72 and a break below would

open up $0.7164, where the rate bottomed on Nov 13. 

- AU docket for the remainder of the week is rather dry, with flash CBA PMIs due

Friday. Broader risk themes are likely to remain in the spotlight.