AUD/USD opened -0.31% at 0.6441 after USD moved up on higher US yields nL2N3GO2H7

AUD/USD came under pressure in early Asia as risk assets sold off nL2N3GP032

USD/CNH climbed higher to put more pressure on the AUD/USD nL2N3GP02Z

AUD/USD traded down to 0.6408 before steadying above 0.6410

There was a muted reaction to mixed China data as GDP beat and IP and Retail sales missed nP8N3FE05DnP8N3FE05C

AUD/USD support at 76.4 of Oct-Dec rise at 0.6412 proving a bit sticky

Trend lower is developing and a break below 0.6400 targets Oct low at 0.6271

Resistance is at 0.6530/35 where the 10 & 21-day MAs converge

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