AUD/USD opened -0.82% at 0.6436 after post-RBA selloff on change in guidance nS9N3BF008

It eased to 0.6423 early Asia before buyers stepped in to push it higher

Heading into the afternoon it is trading just above 0.6440

Support is found at the 10-day MA at 0.6407 and 55-day MA at 0.6397

A break below 0.6395 would target the 21-day MA at 0.6370

AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

A break below 0.6370 would negate the trend and suggest a top has formed

Fed Chair Powell speech later today will likely determine next move

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