AUD/USD opened -0.36% at 0.6880 after USD firmed on Powell comments nF9N2WY011

It fell to 0.6853 in early Asia before bids at 0.6850 discouraged seller

It was around 0.6870 when China PMIs were released nAZN09UPQLnAZN09UQA0

After some hesitation, the AUD/USD rebounded to 0.6904 before sellers capped

Heading into the afternoon it is trading around 0.6890

AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

Resistance is @ the 10-day MA @ 0.6923 and beak would ease downward pressure

Support is at the June 14 low at 0.6850 and 2022 low at 0.6829

Global growth concerns will likely keep the AUD/USD under pressure

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