AUD/USD opens +0.21% and well off the 0.6271 low hit in Asia

Fall in US yields encouraged AUD/USD short-covering nL1N3BW37A

Limiting AUD/USD gain was a fall on Wall Street as risk appetitive fragile nL1N3BW3SH

AUD/JPY closed higher despite equity weakness, which is counterintuitive

AUD/USD has now formed a double-bottom at 0.7270/75 - which is now support

It touched 0.6272 in Nov 2022 before bottoming at 0.6271 on Thursday

A break below 0.6270 targets the Oct 2022 trend low at 0.6170

Resistance is at the 55-day MA at 0.6402 and break would be bullish

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