AUD/USD last deals at $0.7164, nearly........>

AUSSIE: AUD/USD last deals at $0.7164, nearly unch. on the day, as it round

tripped from session lows of $0.7138 touched on the back of NAB Dec Monthly

Business Survey, which saw the business conditions component decline to 2 from

11. However, AUD/USD pared losses thereafter, as WSJ cited RBA board member

Harper reiterating that he believes the next rate move will be up, pointing to a

strong budget outlook and labour mkt. 

- Market was also on edge on the back of the latest WSJ U.S.-Sino trade talk

report, which pointed to wide divisions between the 2 sides. 

- Bears keep an eye on the 21-DMA at $0.7142 and a break below would bring the

lower 1.0% 10-DMA envelope at $0.7082 into view. Conversely, bulls look to the

50-DMA/100-DMA at $0.7168/71, ahead of yesterday's high of $0.7204. 

- Australian CPI, due tomorrow, headlines the AU docket this week, while the top

level Sino-U.S. trade talks, scheduled for Wednesday & Thursday as well as the

Chinese PMI data due later this week will also be of interest.