Dalian iron ore up over 4.0% and Lon copper up 1.65% on China demand hopes

Recovery in metals attributed to China providing support for property funds

The rally in commodities forcing AUD/USD shorts to cover

Sentiment improving despite nagging global growth concerns

AUD/USD traded up to 0.6984 and is now 0.6975/80

Resistance at the 50% of the 0.7282/0.6682 move at 0.6982 capping for now

A break above 0.6990 targets the 61.8 of that move at 0.7053

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