AUD/USD opened +0.0.88% at 0.6393 and AUD benefited most from dovish Fed

The steep fall in US yields contrasts with hawkish RBA expectations nL4N3C306H

AUD/USD broke above 0.6400 early Asia as sellers gave way to buying stops

It traded to 0.6439 before settling around 0.6430 into the afternoon

Break above 55-day MA (0.6394) was bullish and a close above would confirm

Minor resistance is at the Oct 10 high at 0.6445

Key resistance is at the 38.2 of 0.6895/0.6272 move at 0.6509

Support is at 0.6350/60 where the 10 & 21-day MAs converge

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