AUD/USD opened +0.80% at 0.6430 after USD/JPY led USD broadly lower

AUD/USD came under pressure early Asia as equity markets went negative

It traded down to 0.6416 before finding support

The mood brightened late morning, as Asia markets turned positive

AUD was given an added boost by a 2% rise in Dalian iron ore

Heading into the afternoon the AUD/USD is trading around 0.6435/40

The 10 & 21-day MAs converge at 0.6425/30 and a close above would be bullish

Resistance is at the double-top @ 0.6522 with sellers tipped ahead of 0.6500

Support is at the double-bottom at 0.6358 with bids ahead of 0.6410

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