AUD/USD opens +0.89% after USD broadly weakened on fall in US yields nL1N3A423BnL1N3A422B

AUD best performing major currency due to commodity optimismnL1N3A40LTnL4N3A40C9

AUD/USD closed above 10-day MA (0.6450 Wed)to suggest bottom is forming

Resistance is at 21-day MA at 0.6522 and break would end the trend lower

Fibo resistance is at the 38.2 of the 0.6895/0.6365 move at 0.6567

Support is at the 10-day MA at 0.6447 today and Wednesday low at 0.6411

Key in Asia will be moves in USD/CNH and Dalian iron ore

AUD/USD recovery will likely persist while commodities remain buoyant

Range unlikely to extend too far ahead of Powell speech at Jackson Hole Friday

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