AUD/USD is up 0.3% in early Asia to correct over-sold conditions

RSI and Slow stochastic readings on AUD/USD extremely over-sold

E-minis are up 0.50% to encourage come AUD/USD short-covering

USD a touch softer after big gains due to hawkish shift in Fed expectations nL4N2Y1090

AUD/USD resistance at former support around 0.7000 where sellers tipped

Fundamental picture for AUD/USD bleak with equities and metals looking weak

Recession fears in major economies rising and limiting AUD gains

Objective of current move is the 2022 low at 0.6829

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