AUD/USD last deals at $0.7118 after..........>

AUSSIE: AUD/USD last deals at $0.7118 after falling 35 pips Tuesday, as worries

re: Sino-U.S. trade relations weighed on the Aussie, sending it to the bottom of

the G10 pile. This occurred despite White House econ advisor Kudlow denying

earlier press reports claiming prelim. Sino-U.S. trade talks have been cancelled

in the European evening on Tuesday. 

- No reaction noted thus far upon the release of AU Westpac Leading Index, which

shrunk by 0.21% in December. 

- With the rate hovering above Tuesday's low of $0.7116, bears look for a clean

break below, which would allow them to target the Lower Bollinger band (1%) at

$0.7052. On the topside, bulls keep an eye on $0.7160, where the rate peaked

Tuesday, before shifting focus to the Jan21 high at $0.7188. 

- Participants await the release of Australian labour mkt report due Thursday.