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AUD/USD last seen at $0.7112, unchanged on...>

AUSSIE
AUSSIE: AUD/USD last seen at $0.7112, unchanged on the day, after operating
within a 30 pip range on Thursday, closing just a pip higher.
- The rate climbed to its intraday high of $0.7127 in early Asia-Pac trade on
Thursday, failing to test $0.7130, where it topped out on Wednesday. Fading risk
appetite applied some further pressure to the pair later on, forcing it to have
a look below $0.7100. The rate recovered thereafter, before sliding back to
unchanged levels into the close.
- Markets are watching the ongoing Sino-U.S. trade talks. Late doors Thursday
U.S. Pres Trump said that a "monumental" bilateral trade deal is not ready yet,
but may be finished within 4-6 weeks.
- Bulls look to the $0.7127-$0.7132 region, which has capped gains this week,
ahead of the 100-DMA at $0.7147. Bears look to the 100-HMA/200-HMA at $0.7106/04
and below here would bring the 21-DMA at $0.7089 into play.
- Australian focus next week will turn to domestic Westpac consumer confidence
due Wednesday and RBA Financial Stability Review due Friday, while RBA Dep Gov
Debelle will speak both on both Wednesday and Thursday.

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