AUD/USD opened +0.19% at 0.6906 after a quiet US session nL1N33W1EA

USD weakened in Asia - led by a fall in USD/JPY due to BOJ piece in Yomuri nT9N32301T

AUD/USD rose to 0.6920 before settling around 0.6915 into the afternoon

There wasn't any reaction to Aus trade data or China inflation data nAZN0XH69PnL1N33X03I

The Fundamental backdrop has turned favourable for the AUD

China optimism fuelling commodity demand and US yields are below AU yields

A benign US CPI read later today would likely result in AUD/USD break higher

Resistance is at the Jan 9 high at 0.6950 where sellers are tipped

Support is at the 10-day MA at 0.6843 and break would suggest top is forming

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