AUD/USD opens -0.55% due in mostly to China growth target disappointment nL1N35D02A

AUD underperformance highlighted by a more than 1% fall against the EUR

AUD/USD support at the March 1 low at 0.6695 with bids eyed ahead of 0.6700

Resistance is at the descending 10-day MA - which comes in at 0.6752 today

Key event today will be RBA decision - with a 25 bp hike to 3.60% expected

The main focus will be on statement to see if RBA curbs hawkish rate outlook nL4N35D0VV

Moves in the CNY will also influence short-term AUD/USD direction

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