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AUD/USD last deals at $0.7020, 15 pips.......>

AUSSIE: AUD/USD last deals at $0.7020, 15 pips higher on the day, as the Aussie
outperforms all of its G10 peers on the back of stronger than exp. Chinese
Caixin services PMI & the Chinese Commerce Ministry confirming that Sino-U.S.
vice-ministerial trade talks are scheduled for Jan 7-8. This allowed AUD to
recover, after it struggled in the early part of the Asia-Pac session. 
- Bulls now look to the Jan 2 high of $0.7054 before challenging $0.7071, where
the rate peaked on Dec 31. Conversely, bears need a fall below $0.6954, which
represents the 23.6% fibo retracement of the move from $0.6741 to $0.7019,
before targeting the lower Bollinger band (2%) at $0.6935 
- Australian focus next week turns to AU trade balance due Tuesday and retail
sales due Friday.

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