• +0.1% after closing +0.9% amid broad USD weakness and improved risk appetite

• Yen led the USD lower offshore and yen cross flow may be key for AUD in Asia

• WSJ reported that China is ending the ban on Australian coal nFWN33W3LF

• Easing of China trade restrictions would be a strong positive longer-term

• Charts; momentum studies edge higher, 21 day Bollinger bands expand

• 5, 10 & 21 day moving averages climb - strong positive setup

• Targets a test of 0.7091 longer term, 61.8% of the 2022 fall

• Sydney 0.6960 low and New York 0.6984 high initial support, resistance

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