AUD/USD opened 0.6405 after easing 0.20% Friday after Powell speech

It moved higher in early Asia as USD/CNH gapped lower and Asia equities rose

Move by China to boost equity buying helped to underpin risk sentiment nL1N3A80I1

AXJ index +1.0%; the Shanghai Comp rose 2.3% and Nikkei gained 1.65%

AUD/USD traded up to 0.6435 before better than expected Aus retail sales nAZN19GVPF

It traded 0.6440 in wake of retail sales but rally was short-lived

Heading into the afternoon AUD/USD is trading around 0.6425/30

Resistance is at the 21-day MA at 0.6494 with selling tipped 0.6480/90

AUD/USD likely to remain heavy while China economic concerns persist

China moves to prop up the market and CNY not addressing underlying weakness

AUD/USD support is at Aug 17 low at 0.6365 with bids around 0.6380

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