AUD/USD up 0.65% in Asia as risk sentiment recovers; Nikkei jumps 7.4%

S&P E-Minis +0.85% Tue as U.S. services PMI eases fears of recession

Comments from Fed officials restores some confidence, calms nerves

AUD stabilizes after plunging to a fresh 2024 low of 0.63485 on Monday

Recovery suggests a spike low implying carry trade capitulation finished

RBA rate decision awaited; likely to hold rates but tone down hawkish stance

Support 0.6470-80, 0.6440, resistance 0.6550, 0.6570, 0.6600-05

Monday global range 0.6520-0.63485; Asia Tuesday range 0.6494-0.6539

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