AUD/USD opened -1.57% at 0.6313 after US yields surged after US CPI

It was severely over-sold - allowing a small correction higher in Asia

Market shrugged off softer than expected China inflation data nAZN1CFLZF

AUD/USD traded up to 0.6333 and is around 0.6330 into the afternoon

There was a muted reaction to better than expected China trade data nAZN1CFK21

AUD/USD resistance @ 10-day MA @ 0.6354 & break would ease downward pressure

More resistance at the 21-day MA at 0.6394 with sellers tipped at 0.6380/90

Support is at he )ct 3 low at 0.6286 with bids ahead of 0.6300

For more click on FXBUZ