AUD/USD opened +0.24% at 0.6778 after softer US CPI underpinned

It traded to 0.6796 early Asia when US broadly eased

AUD/JPY selling capped and AUD/USD eased back to 0.6775/80

Upside also limited by 1.6% fall in Dalian iron ore

AUD/USD resistance is at the 50% of the 0.7158/0.6564 fall at 0.6861

Support is at the 10-day MA at 0.6712 and 21-day MA at 0.6702

AUD/USD in trend higher with the 5, 10 & 21-day MAs in a bullish formation

A break a close below 0.6695 would ease upward bias

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