AUD/USD last trades 8 pips better off, at....>

AUSSIE: AUD/USD last trades 8 pips better off, at $0.7083, after falling 10 pips

Thursday.

- The rate ebbed lower in early Asia-Pacific trade on Thursday, but positive

signals re: Sino-U.S. trade talks allowed it to climb back into positive

territory. As a reminder, U.S. President Trump said that he expects a "great

deal with China," while RTRS cited senior U.S. officials as saying that

Washington and Beijing "have made progress in all areas of trade talks," even as

some sticking points remain.

- Optimism re: Sino-U.S. trade talks allowed the rate to have a look above

$0.7100, while AUD/JPY supply capped gains, and later attempts at recovery

proved unsuccessful, as broader greenback strength kept a lid on AUD/USD.

- With the rate sitting at its 21-DMA and session high at writing, bulls look

for an extension of the upward move through the 100-HMA/200-HMA at $0.7100/02.

Meanwhile, bears look to $0.7064, where the rate bottomed yesterday.

- Australian private sector credit data is due at the bottom of the hour.