AUD/USD last $0.7318, trading a touch........>

AUSSIE: AUD/USD last $0.7318, trading a touch higher overnight as the Aussie has

licked initial wounds after a poor first half of the Asia-Pac session. 

- The rate started the day set on a downside path after USTR Lighthizer said

that the U.S. is planning to equalise its tariffs on vehicles imported from

China to levels currently charged by Bejing (40%). 

- However, after hitting session lows at $0.7295, AUD/USD reversed path on the

back of broader dollar weakness. 

- Worth noting that the rate has operated within a fairly narrow range. 

- Bulls look to a break above yesterday's high at $0.7321, which would open up

the Nov 16 high/upper Bollinger band (2%) at $0.7338, while initial support is

located at the 21-DMA/100-DMA at $0.7246/44 and a fall through that level would

shift bearish focus to yesterday's lows of $0.7221. 

- Australian docket towards the end of the week is rather dry and includes

private sector credit figures due Friday. Trump-Xi meeting Saturday will also be

of interest.