AUD/USD last trades flat at $0.6915 after....>

AUSSIE: AUD/USD last trades flat at $0.6915 after falling 8 pips Thursday.

- The rate dropped in yesterday's Asia-Pac session as Australian unemployment

rate held steady at 5.2% vs. expectations of a downtick to 5.1%. Worth noting

that this was underpinned by the combination of a solid growth in employment and

an increase in the participation rate. Moreover, the employment change mostly

stemmed from a surge in part-time jobs, while underemployment rose to 8.6% from

8.5%, which negated the positive impact of the print.

- Global trade worries added to the unfavourable picture for the Aussie.

- Bears look for a break below the $0.6900 mark, after the $0.6897-$0.6902 zone

registered highs on May 17, May 22 & May 23, as well as lows on May 30, May 31 &

yesterday. A break here would open the lower 1.0% 10-DMA envelope at $0.6892,

ahead of cycle lows of $0.6865. Bulls need a breach of the 21-DMA at $0.6931

before challenging the 100-HMA at $0.6947.

- With no more Australian data releases scheduled for this week, focus will fall

on Chinese economic activity data, due later today.