• AUD/USD stays on back foot as US investor sentiment deteriorates

• Pair undermined buy weaker CNH and lower copper, gold as Trsy yields rise

• China growth worries likely to linger as US launches new chip probe

• Oct 13 2022 low at 0.6169 is in play on push below 0.6202 lower Bollinger

• Needs to close above 0.6339 Dec 18 high, 0.6287 21-DMA alleviate pressure

• AUD remains in oversold territory on 14-day basis

• CFTC showed large $4.4b increase in AUD shorts for week ending Dec 20

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