AUD/USD opens +0.49% after reversing higher after fall in Asia

AUD up against most crosses despite weak China data

Oil and copper finished higher, as investors shrugged off the China data nL2N2X80EZnL2N2X8036

Investors ignored the weak data and instead priced in a China recovery

AUD/USD resistance is at the 10-day MA at 0.7001 and break eases pressure

Key resistance at the 21-day MA at 0.7104 and break would suggest a bottom is in place

RBA minutes for the May meeting today and tone may impact RBA expectations

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