AUD/USD opened +0.51% at 0.6566 as fall in USD/JPY weighed on the greenback nL1N3H20OC

AUD/USD came under light pressure early Asia as USD clawed back some ground

It traded down to 0.6550/55 before fall extended following Aus retail sales

Aus retail sales came in much worse than expected to complicate RBA outlook nL1N3H303M

China PMI came out at same time with services PMI undershooting expectations nAZN1P5257

AUD/USD fell to 0.6532 and is around 0.6535 into the afternoon

Support is at the 200-day MA at 0.6524 and the 21-day MA at 0.6511

Resistance is at 50% of Dec-April fall @ 0.6616 with sellers ahead of 0.6600

A close below 0.6510 would suggest a short-term top is in place at 0.6585/90

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