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AUD/USD last deals at $0.7142, 23 pips.......>

AUSSIE
AUSSIE: AUD/USD last deals at $0.7142, 23 pips lower on the day, on the back of
the release of soft Australian NAB Business Survey, which saw the biz.
conditions component slip to 2 from 11 in December. This comes after the rate
closed 13 pips lower Monday, pressured by broader risk-off flows. 
- The latest WSJ piece re: the upcoming Sino-U.S. trade talks may also be
limiting demand for the AUD, as it points to a lack of progress on some of the
key matters surrounding the talks. 
- Bears need a clean break below the 21-DMA at $0.7140 before challenging the
1.0% 10-DMA envelope at $0.7082. Meanwhile, bulls eye the 50-DMA/100-DMA at
$0.7168/70, while the next layer of resistance above is provided by $0.7204,
where the rate peaked yesterday. 
- AU CPI hits tomorrow & headlines the Aussie docket this week. Elsewhere,
participants will be attentive to the top level Sino-U.S. trade talks, scheduled
for Wednesday & Thursday as well as the Chinese PMI data due later this week.

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