AUD/USD was last seen at $0.7171,............>

AUSSIE: AUD/USD was last seen at $0.7171, virtually unchanged on the day, after

adding almost 40 pips Monday, with price action driven by developments in

Sino-U.S. trade relations. Warm rhetoric flowing from Washington & Beijing

triggered enthusiasm, as the U.S. delayed the Chinese tariff deadline &

announced that a bilateral presidential summit is planned for March. However,

optimism moderated, after Xinhua published an article stating that the "trade

talks will be harder at the final stage." U.S. President Trump subsequently

dubbed his upcoming meeting with Xi a "signing summit," but followed with a

caveat that a deal "might not happen at all."

- Bulls need to clear yesterday's peak at $0.7184 before attempting a move at

the upper 1.0% 10-DMA envelope at $0.7199. On the downside, initial attention is

drawn to the nearby 100-DMA at $0.7163, ahead of $0.7152, which represents the

21-DMA.

- Australian focus this week turns to the first round of Q4 GDP partials,

U.S.-China trade developments, Australia's trade relationship with China, while

Chinese PMI data due Thursday and Friday will also be of interest.