AUD/USD opened -0.16% at 0.6728 after easing from highs during US session

It moved lower early Asia when E-minis moved down 0.45%

It fell from 0.6715/20 to 0.6695 after soft Aus GDP and CPI nS9N34G008nAZN13VNCI

Rumoured bids at 0.6695 absorbed the selling and it started to recover

Better than expected China PMI caught the market short nAZN13VN46nZUN006VPN

AUD/USD traded up to 0.6738 before settling 0.6735/40

A close above Tuesday's 0.6757 high would complete a bearish outside day from a multi-month low

Resistance is at the 200-day MA at 0.6795 and the 10-day MA at 0.6806

Support is at the 50% of the 0.6170/0.7558 move at 0.6664

A strong close later today would warn the trend lower has run its course

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