Sino-U.S. tensions prompter AUD/USD to.......>

AUSSIE: Sino-U.S. tensions prompter AUD/USD to have a look below the prior day's

low on Thursday. Reports surrounding the potential for measures against CCP

members weighed on the pair in Asia, before European hours brought a spell of

buying pressure. The rate retreated after the WMR fix, as U.S. FCC took further

measures against Chinese tech giants.

- AUD/USD trades nearly unchanged, last at $0.6972. Bulls eye Jul 15 high of

$0.7038 for initial resistance and a break here would open up Jun 10 high of

$0.7063. Bears see Jul 7/14 lows of $0.6922/21 as their initial target and a

move through those levels would expose Jun 30 low of $0.6833.

- Focus next week turns to RBA Jul MonPol meeting minutes & speeches from RBA's

Lowe & Kent (Tuesday), flash retail sales (Wednesday), NAB Business Confidence

(Thursday), as well as flash CBA PMIs & preliminary trade figures.