AUD/USD moved lower in the second half of....>

AUSSIE: AUD/USD moved lower in the second half of the overnight session as risk

aversion crept into Asia-Pacific dealing, with Chinese stocks trading heavy on

the latest round of trade war headlines out of the U.S. on Wednesday, as well

additional property market clampdowns being put put into place in China.

- AUD briefly blipped higher on the back of a much stronger than expected AU

trade print, but the move was limited and quickly unwound.

- AUD/USD last deals 20 or so pips softer, just above the session low of

$0.7380.

- Initial trendline support has been broken and the July 27 low ($0.7370) is

back in focus. A break below here would trigger a further bearish signal,

opening the way for a decline to test the major trendline support (0.7324). The

first major resistance point comes in the form of the July 31 high ($0.7441).

- Tomorrow brings the AU retail sales release, with focus on next week's RBA

MonPol decision & SOMP.