AUD/USD opened -0.17% at 0.6889 after EUR weakness led USD higher nL1N2Z11VI

AUD/USD was idled in Asia and only managed a 0.6880/98 range

Heading into the afternoon it is trading around 0.6890

Support is at the 21-day MA at 0.6843 and a break would increase pressure

Resistance is @ 55-day MA @ 0.6971 and 50% of 0.7282/0.6682 move @ 0.6982

Market is waiting for reaction to ECB meeting later today before committing

Resilient risk appetite and hawkish RBA expectations underpin AUD for now

Global growth uncertainty will likely cap exaggerated rallies

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