AUD/USD opened -0.11% at 0.6533 after USD edged higher on Tuesday nL2N3G423U

AUD/USD sunk after Aus Feb CPI came in softer than expected nL3N3G5079

Data increases chances RBA will cut rates either in August or September

AUD/USD came under more pressure when USD/CNH turned higher nL2N3G504B

AUD/USD traded down to trend-line support at 0.6512

Heading into the afternoon it is trading around 0.6515

Trend-line is drawn from Oct 26 low and break targets Feb 13 low at 0.6443

Resistance is at the 21-day MA at 0.6556

Risk of move lower increasing - while 0.6556 caps rallies

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