AUD/USD trades 17 pips higher, last..........>

AUSSIE: AUD/USD trades 17 pips higher, last $0.7157, as the greenback struggled,

while AUD was supported by risk-on flows triggered by a BBG report suggesting

that U.S. Pres Trump is increasingly willing to strike a deal with Beijing to

bolster the stock market, which hit the wires in the NY/Asia crossover. However,

the rate's gains were limited by the release of disappointing Aussie building

approvals, allowing the cross to back away from intraday highs of $0.7171. 

- Bulls eye the nearby upper Bollinger band (1%) at $0.7168, briefly breached

today, followed by the 55-DMA/100-DMA/50-DMA at $0.7178/79/88. A break above

would bring the 2.0% 10-DMA envelope/cloud base at $0.7205/07 into view.

Conversely, bears need a move back below yesterday's low of $0.7117, which would

open up the Jan 7 low of $0.7110. 

- Aussie retail sales hit on Friday, while developments re: global trade will

also be of interest.