• AUD/USD trades with an offered bias after failing to sustain gains Monday

• Weighed down by risk aversion; ASX 200 slides after Wall Street ended lower

• CNY threatens break of 7.3000, likely to add to pressure on AUD

• AUD undermined by likely Fed-RBA rate divergence in 2025, weak China economy

• Failure to recover renders 0.6199 Dec 19 low, 0.6170, 2022 low vulnerable

• China Dec official PMIs key Tue; mfg activity seen expanding for 3rd month

• Asia range 0.6212-0.6225; resistance 0.6250,0.6270
Where investors think the Fed is headed:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)