AUD/USD up 0.3% in Asia despite slew of negative news and weak yuan

Australia Q2 wage gains underwhelm, argue against further hikes

RBA saw 'credible path' to inflation control with rates on hold

China July data adds to raft of weak indicators, point to slow recovery

PBOC unexpectedly cuts rates to support sputtering economy

Expectations of China fiscal stimulus supports AUD

Base forms at 0.6450-60 as decline runs out of momentum

Resistance 0.6535-40, 0.6580, pivotal at 0.6610-20; Asia range 0.6463-0.6511

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