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

AUSSIE
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.

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