AUD/USD opens -1.06% after risk assets tumbled sending AUD/JPY 1.45% lower nL1N36S2IS

Banking concerns returned and stoked fears that global growth will slow down

Market now factoring in possibility of US default as debt ceiling approaches nL1N36N217

AUD/USD support is at March 10 trend low at 0.6564 with bids ahead of 0.6600

Resistance is at 0.6700/05 where the 10 & 21-day MAs converge

Aus CPI out today and will likely impact RBA decision next week

Market looking for + 1.3% Q/Q headline; +1.3% weighted meant and +1.4% trimmed mean

Hotter than expected result may shift expectation towards RBA hike next week

For more click on FXBUZ