• AUD/USD recovered overnight, now up 1.7% from its tariff-induced 0.6226 low

• AUD extended to 0.63895 in Lon, but shied away from the 0.6390 resistance

• Soft U.S. yields, broad USD weakness amid U.S. recession concern helping AUD

• China's combined 54% tariff an AU concern, CN response may soften impact

• Pair sits above 55-DMA, bullish signal confirmed, needs catalyst to extend

• Fed chair Powell speaking on economic outlook 1525 GMT Fri

• Overnight range 0.6280-0.63895, support 0.6190, resistance 0.6390 0.6415
AUD 4 Hour Chart

(James Connell is a Reuters market analyst. The views expressed are his own.)