AUD/USD last sits at $0.7145 after closing...>

AUSSIE: AUD/USD last sits at $0.7145 after closing 18 pips higher Wednesday

amidst broader USD weakness. Worth mentioning the Aussie drew support from

broader risk-on flows in yesterday's Asia-Pac session, but risk appetite waned

somewhat later in the day. AUD strength was also capped by a strong NZ CPI

release overnight, which added weight via the AUD/NZD cross. 

- As a reminder, AU labour mkt report comes out at 0030GMT/1130AEDT today. Our

MNI 5 Things piece (see MNI Main Wire at 07:30 GMT 01/23) outlines what to look

for in the data release. 

- Initial resistance noted at the Jan 22 high of $0.7160 and a break above would

open up the 100-DMA/50-DMA at $0.7170/76. On the downside, initial attention is

drawn by the 21-DMA at $0.7126, which is located just above yesterday's low of

$0.7118. 

- Aforementioned labour mkt data headlines the AU docket this week. Australian

focus next week turns to domestic CPI due Wednesday.