AUD/USD opens +0.89% as modest riosk rally sparked short-covering

AUD best performing currency Monday after it was worst performer last week

Rebound in stocks and key commodities underpinned and led to AUD/JPY buying nL1N37C32UnL8N37C267

Resistance is around 0.6720 where the 10-day & 200-day MAs converge

Support is at Friday's 0.6636 low with break targeting 20223 low at 0.6564

RBA minutes today and will further explain decision to hike on May 2

China IP and retail sales also on tap and may impact sentiment

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