AUD/USD last deals at $0.7228, 10 pips.......>

AUSSIE: AUD/USD last deals at $0.7228, 10 pips away from session lows, 40 pips

lower on the day, after risk appetite soured on the back of a story re: Huawei

CFO being detained in Canada owing to breaches of Iranian sanctions, with the

U.S. seeking her extradition. The Asia-Pacific session saw AUD underperform all

of its G10 peers. 

- Meanwhile, there was little reaction to domestic data releases overnight, with

AU retail sales meeting expectations and the trade surplus coming in narrower

than exp. 

- Up trendline support from the late Oct lows has given way to return the focus

to the downside. Bears look to a break below the cloud top/Nov 27 low at

$0.7201/$0.7199 before targeting the 55-DMA at $0.7191. Conversely, initial

resistance is located at the 100-DMA at $0.7239 and a break above would shift

bullish focus to the 21-DMA at $0.7264. 

- No more key AU economic releases this week, but RBA Dep Gov Debelle is due to

speak in a few hours time.