AUD/USD sits at $0.7249 in early Asia-Pac....>

AUSSIE: AUD/USD sits at $0.7249 in early Asia-Pac dealing, little changed, after

rallying 93 pips Wednesday, as the two sides of the pair finished at the

opposite ends of the G10 pile. The rate jumped post-FOMC MonPol decision as the

Fed held rates steady, removed "further gradual increases" from its forward

guidance and signalled flexibility re: completing balance sheet normalization

(albeit emphasizing that the fed funds rate is its "primary means" of adjusting

MonPol). 

- Wednesday's Asia-Pac session saw AUD propped up by a stronger than exp.

headline CPI print, Dalian iron ore futures going limit up & broader yuan

strength. 

- Initial bullish attention is drawn to the upper Bollinger band (2%) at

$0.7260, followed by Wednesday's YTD high of $0.7273, ahead of the 200-DMA at

$0.7293. Conversely, downside focus falls on the Dec 13 high of $0.7247 and a

break below would open up the upper 1.0% 10-DMA envelope at $0.7240. 

- AU spotlight falls on the ongoing Sino-U.S. trade talks & Chinese PMI data due

later today.