AUD/USD last deals at $0.7068, which.........>

AUSSIE: AUD/USD last deals at $0.7068, which represents the cloud base, barely

changed on the day, after falling 30 pips Thursday, as the rate was pressured by

a firmer greenback and less than inspiring Chinese data.

- Reports suggesting that U.S. President Trump and Chinese President Xi will not

meet this month also weighed on the Aussie in the European morning. Worth noting

U.S. Tsy Mnuchin confirmed these reports later in the day, but this failed to

affect price action in any meaningful way.

- The rate then moved away from worst levels in the European/NY afternoon.

- After the pair looked below its 100-HMA at $0.7064 and 200-HMA at $0.7055,

bears look for a fall back below these levels, which would open up the lower

Bollinger band (2%) at $0.7008. Conversely, bulls look to the cloud top/21-DMA

at $0.7102/03, which capped gains yesterday, as well as on Wednesday.