After a quiet start, USD selling resumed in Asia and supported AUD/USD

AUD/USD traded above last week's 0.6542 high to 0.6545

Asia is risk-on with the AXJ index rising 0.65%

USD selling accelerated when the USD/JPY gapped lower to trade below 149.00

AUD/USD resistance is at the 50% of the July/Oct fall at 0.6583

Key resistance is at the 200-day MA at 0.6592 and break would be bullish

AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

Support is at the 10-day MA at 0.6448 and break would indicate momentum is easing

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