The local bourse has finished lower as traders took something off the table following a red-hot jobs report and ahead of several key events.
The benchmark S&P/ASX200 index on Friday finished down 11.1 points, or 0.15 per cent, to 7,313.9.
The broader All Ordinaries dropped 15.1 points, or 0.2 per cent, to 7,526.8.
For the week, the ASX200 rose 10.8 points, or 0.15 per cent, its second straight week of gains.
Market analyst Josh Gilbert, from eToro, noted there was a big week ahead including an "all-important" second-quarter domestic consumer price index readout.
Other events included a Federal Reserve decision on rate hikes, earnings reports from Microsoft and Amazon and the first big name reporting from Australia's earnings season in Rio Tinto.
Wednesday's CPI report is expected to be crucial to determining whether the Reserve Bank raises rates at its next meeting on August 1, following Thursday's stronger-than-expected labour market report for June.
"Data in the week ahead for inflation and retail sales will be critical," said AMP chief economist Shane Oliver, who is tipping the RBA to raise rates again in August ahead of Michele Bullock taking over as governor.
The ASX's 11 sectors finished mixed on Friday with tech the biggest mover, falling 2.7 per cent after an overnight selloff on Wall Street following a disappointing earnings report from Netflix.
Wisetech Global dropped 2.4 per cent to $80.05, Xero fell 3.9 per cent to $122.20 and Technology One retreated 2.9 per cent to $15.33.
The heavyweight mining sector was 0.5 per cent lower despite gains by both BHP and Rio Tinto.
The big Australian climbed 0.9 per cent to $45.02 and Rio advanced 0.3 per cent to $116.78, but Fortescue dipped 0.2 per cent to $22.54.
Both gold and lithium miners lost ground.
Coronado Global Resources added 2.8 per cent to $1.65 after the coking coal producer reaffirmed guidance and posted strong second-quarter production numbers.
The big four banks were lower, with CBA falling 0.7 per cent to $104.55, ANZ down 0.8 per cent to $25.16, NAB dipping 0.1 per cent to $27.90 and Westpac 0.6 per cent lower at $21.98.
Macquarie slipped 1.4 per cent at $182.83.
Blackmores finished basically flat at $94.73 in its last day of trading on the ASX.
A subsidiary of Japan's Kirin Holdings agreed to acquire the vitamins maker in April for $1.9 billion, or $95 a share.
The 85-year-old company will be replaced in the ASX200 on Monday by Ventia Services Group, an infrastructure services provider.
In health care, Starpharma shot up 14.9 per cent to 42.5c after its radio-diagnostic candidate showed imaging benefits in a breast cancer model.
The Australian dollar was buying 67.81 US cents, from 68.28 US cents at Thursday's ASX close.
ON THE ASX:
* The S&P/ASX200 index finished Friday down 11.1 points, or 0.15 per cent, at 7,313.9.
* The All Ordinaries dropped 15.1 points, or 0.2 per cent, to 7,526.8.
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 67.81 US cents, from 68.28 US cents at Thursday's ASX close
* 95.10 Japanese yen, from 95.16 Japanese yen
* 60.88 Euro cents, from 60.86 Euro cents
* 52.61 British pence, from 52.81 pence
* 108.89 NZ cents, from 108.61 NZ cents.
