It was a choppy start to 2023 as Asia experienced pronounced mood shifts

AUD/USD fell as low as 0.6773 when AXJ equity index fell over 1.0%

Selling was due to China concerns following weak China PMI on weekend nL4N33N0MZ

AUD/JPY selling resulted from the dark mood in early Asia

The mood changed when China's SSEC bounced to +0.20% after being down 0.50%

USD/CNY fell below 6.9000 and underpinned the AUD/USD nL1N33O04E

AUD/USD reversed higher and was just above 0.6815 into the afternoon

AUD/USD resistance is at the 200-day MA at 0.6856 and break would be bullish

Support is at the 10-day MA at 0.6750 and break would suggest top is forming

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