AUD/USD last trades at $0.7084, 20 pips......>

AUSSIE: AUD/USD last trades at $0.7084, 20 pips better off on the day amidst

broader risk-on flows, while CNH's recovery vs. the greenback, stemming from a

move higher in Chinese equities (possibly linked to the back of Chinese fiscal

matters), also lent some support to the Aussie.

- Bulls continue to target the $0.7102/05 area, which represents the

21-DMA/cloud top and has remained intact overnight. Above here opens the 55-DMA

at $0.7128. Meanwhile, bears look to the cloud base/100-HMA at $0.7068/67. A

fall below would open up the 200-HMA at $0.7055.

- Focus next week's turn to the minutes from the RBA's most recent MonPol

decision, as well as the monthly labour market report, which is set to come

under increased scrutiny given the Bank's reliance on the labour market's

strength in supporting its view on the economy. The quarterly house price index

and vacancies data will also provide some interest. On the central bank front,

RBA's Kent and Bullock are due to speak during the week.