AUD/USD +0.2% in Asia on mild short-covering after sharp 2.2% drop since Wed

Makes a tepid recovery from an early decline to 0.6199, a 2-year low

Upside limited as elevated U.S. yields, risk aversion cap; Asia stocks slide

Hawkish Fed surprise will weigh on risk assets and currencies into year-end

Weak Chinese economy, lower commodities will continue to undermine AUD

Support 0.6170, 2022 low, resistance 0.6245-50, 0.6270-75

Asia range 0.6199-0.6233

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