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AUD/USD last trades at $0.7122, ~30 pips.....>

AUSSIE
AUSSIE: AUD/USD last trades at $0.7122, ~30 pips higher on the day, as the
Aussie drew support from general optimism re: the ongoing Sino-U.S. trade talks
& Chinese trade data which saw both the headline surplus & breakdown exceed exp.
Subsequent BBG reports suggesting that the U.S. is weighing a 60-day extension
to the Chinese tariff deadline further boosted AUD, sending the pair to fresh
session highs.
- Bulls need a breach of the 200-HMA at $0.7130, which would set their sights on
the 50-DMA, located 9 pips above the aforementioned level. Meanwhile, the
initial bearish attention is drawn to the 100-HMA at $0.7093, while the next
layer of support below is located at $0.7068, which represents the cloud top. 
- RBA's Kent headlines the remainder of the week, when he speaks at
2030GMT/0730AEDT. Aussie focus next week will turn to RBA Feb meeting minutes
due Tuesday, domestic labour mkt data due Thursday & RBA Gov Lowe's
parliamentary testimony due Friday.

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