• AUD/USD survives early downside test, turns higher in Asia morning

• AUD trades back above the 55-DMA after support near 0.6260 holds

• Building optimism from Ukraine peace talks underwrites the rally

• AUD approaching hourly upper Bollinger band, looks overbought short term

• AU Feb CPI due Wed (Reuters poll 2.5% weighted CPI y/y)

• RBA meeting Mar 31-Apr 1 comes into focus, no OCR change expected

• Range Asia 0.6262-95, support 0.6260 0.6190, resistance 0.6390 0.6415
AUD midday

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