AUD/USD opens 0.69% lower as USD firmed and risk assets fell nL1N37D2O5nL1N37D2X8

Weak metal prices after worse than expected China data also weighed nL1N37D0QI

AUD/USD may get support on late report of progress in US debt ceiling talks nL1N37D0XMnL1N37D3BE

Muted response so far in E-Minis - which are up only 0.10%

Resistance has formed at 0.6705/10 - where it topped out last 3 trading days

The 10-day MA is at 0.6711 and break above would ease downward pressure

Support is at Friday's 0.6634 low and break targets 2023 low at 0.6564

Aus Q1 WPI (wage price index) out today and could impact RBA expectations

RBA watching wage gains as they are "data dependent" on future moves

Market is looking for +0.90% Q/Q and will react on a miss

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