AUD/USD opens 0.8% down Thu but off Wed low as lower U.S. yields underpin

Supported as Powell says little to alter expectations of Dec Fed rate cut

Powell upbeat on economy, says Fed can afford to be a little more cautious

Higher yuan, stable KRW, higher iron ore prices also lift AUD mood

Rallies likely to be capped as weak Australia Q3 GDP fuels RBA rate cut bets

25 bps Apr RBA cut fully priced; odds of Feb cut at 55% from 27% before GDP

Aus trade data Thu but focus moves to US NFP Fri and RBA rate decision Tue

Strong support at 0.6400-05, clear break opens 0.6347-62

Resistance 0.6440-50, 0.6475-80; Wednesday range 0.6399-0.6488

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