• Steady early after closing off 0.15% with risk appetite, as Wall Street fell

• There is no tier 1 Australian data, scheduled RBA speeches or releases

• AUD will likely be driven by the USD and risk appetite intraday in Asia

• Charts; 10 and 21-day moving averages head lower with 21-day Bollinger bands

• Daily momentum studies are also edge south, which is a bearish setup

• The AUD failed close to the 0.6283 October low for the fourth time

• 0.6272 November 2022 base is next support then the 0.6212 21st Oct 2022 low

• A close above the 0.6445 October low would end the downside bias

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