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AUD/USD last trades flat at $0.7112,.........>

AUSSIE
AUSSIE: AUD/USD last trades flat at $0.7112, following the release of flash
Australian CBA PMI data. Manufacturing PMI fell to 52.0 from 52.9, services PMI
climbed to 49.8 from 48.7, while composite PMI rose to 50.0 from 49.1.
- The pair finished 4 pips lower Thursday, despite being initially buoyed by a
downtick in domestic unemployment rate, revealed in the Asia-Pac session. As a
reminder, Australian unemployment fell to an 8-year low of 4.9% from the prior
5.0%.
- However, the pair declined in the European & NY hours, as broader USD strength
came to the fore.
- Bulls look for a jump through the 50-DMA/55-DMA at $0.7132/34 towards
Thursday's fresh monthly high of $0.7168, located just below the cloud top at
$0.7172. Meanwhile, bears need a fall through the 200-HMA at $0.7089, which
limited losses on Thursday, before targeting the cloud base at $0.7068.
- Australian calendar is relatively light next week and includes private sector
credit data, due on Friday. Elsewhere, RBA's Ellis and Kent will provide some
central bank rhetoric.

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