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

AUSSIE
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.

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