AUD/USD opened -1.0% at 0.6544 after USD broadly firmed and risk assets sank nL1N37L2JHnL8N37L2WP

AUD/USD remains pressured in Asia and is @ session low @ 0.6525 late morning

Dalian iron ore is down 1.75% and is down 10% in one week

Tepid China demand likely to add more weight on the AUD/USD

It has broken below the 61.8 of the 0.6170/0.7158 move at 0.6547

The next support is at the 76.4 of that move at 0.6403

AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

The 10-day MA is resistance at 0.6625 and break would ease downward pressure

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