AUD/USD opened flat at 0.6509 after US yields bounced and underpinned USD

It traded up to 0.6517 following stronger than expected Aus jobs data nAZN1EKEB0

Bounce was short-lived as analysts felt it wouldn't impact RBA expectations

AUD/USD reversed lower when Asian equity markets fell sharply

The AXJ index fell over 0.90% while Dalian iron ore fell over 2.0%

AUD/USD selling accelerated when yesterday's 0.6484 low gave way

It fell to 0.6462 and was around 0.6465 into the afternoon

Support is @ 10-day MA a@ 0.6442 and break would increase downward pressure

Key support is at 0.6395 where the 21 & 55-day MAs converge

Resistance is at the 50% of July/Oct fall at 0.6583 and 200-day MA at 0.6596

Key will be moves in US yields and whether risk rally maintains momentum

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