AUD/USD opened virtually unchanged around 0.6382 after failing above 0.6400

Rise in US yields capped AUD/USD correction rally nL1N3AI1UR

AUD/USD came under pressure in Asia as China concerns weighed on risk

AXJ equity index fell 0.68% while Dalian iron ore eased 1.5%

AUD/USD traded down to 0.6365 and is just above 0.6370 into the afternoon

No reaction to Aus trade data and better than expected China trade data nAZN1AE59BnB9N39Z00H

Support has formed at 0.6358 - where it bottomed Tuesday and Wednesday

A break below 0.6350 would encourage AUD bears to target May 21 low @ 0.6170

Resistance is at 10-day MA at 0.6432 and break would ease downward pressure

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