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AUD/USD last sits at $0.7021, a touch........>

AUSSIE
AUSSIE: AUD/USD last sits at $0.7021, a touch higher on the day, after falling
16 pips Thursday. The rate advanced in the Asia-Pac session, modestly supported
by comments re: fiscal stimulus coming from the Chinese FinMin, but ebbed lower
thereafter, before easing off on the back of post-ECB USD strength.
- The initial layer of resistance is provided by $0.7031, which represents the
lower 1.0% 10-DMA envelope. Above here opens the 100-HMA at $0.7059. On the
downside, bears eye the lower Bollinger band (2%) at $0.7018, ahead of the Jan 4
low of $0.6994.
- The Australian economic docket is empty today, but Chinese trade data will
likely provide some interest.

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