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AUD/USD trades flat at $0.7154 ahead of......>

AUSSIE: AUD/USD trades flat at $0.7154 ahead of Australian Q4 CPI print at
0030GMT/1130AEDT. For our piece indicating what to look for in the release, see
MNI Main Wire at 11:06 GMT 01/29. 
- This comes after AUD/USD fell 11 pips Tuesday. Comments from RBA board member
Harper, who reiterated that he believes the next rate move will be up, allowed
AUD to shake off earlier weakness triggered by a soft Dec biz. conditions print
during Tuesday's Asia-Pac session, but the rate declined thereafter, weighed on
by risk aversion. 
- Bears look to the nearby 21-DMA at $0.7146 and a break below would open up
$0.7138, where the rate bottomed Tuesday. Meanwhile, bulls look for a jump above
the 50-DMA/100-DMA at $0.7166/70, which would shift their focus to Tuesday's
peak at $0.7176. 
- Participants focus on the aforementioned CPI due today, but top-level
Sino-U.S. trade talks, scheduled for Wednesday & Thursday, as well as Chinese
PMI data will also attract attention. As a reminder, U.S. Tsy Sec Mnuchin said
Tuesday that in negotiations with Beijing "everything is on the table".

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