• AUD/USD inches higher after holding above Wednesday's 0.6883 low

• Base building continues with strong support seen at 0.6849-0.6865

• 0.6865 is the 200-day MA, 0.6849 is 50% of Nov-May rally (0.6422-0.7277)

• More support at 0.6834 March low; resistance 0.6930, 0.6950

• Focus now on Thu U.S. payroll report after Warsh calms markets on inflation

• Australia trade swings to $2.1 billion deficit in May, largest since 2015

• Asia range 0.68845-0.6897
AUD:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)