AUD/USD rallied in Asia after closing Friday flat at 0.6378

Move up sparked by gap lower in USD/JPY due to comments by BOJ chief Ueda nL1N3AK2KF

AUD/USD managed to grind through sell orders 0.6405/10 to trade up to 0.6419

It is close to the session high heading into the afternoon session

AUD also underpinned by move lower in USD/CNH amid hopes China economic woes are easing nL1N3AM004nL1N3AN02T

AUD/USD resistance is at 0.6425/30 where the 10 & 21-day MAs converge

A close above 0.6430 would suggest bottom has formed at 0.6358

Support is @ double-bottom @0.6358 and break would renew downward pressure

For more click on FXBUZ