AUD/USD opens +0.53% and was bets performing major currency Tuesday

It completed a bullish outside day after whippy reaction to 50 BP RBA hike

Price action suggest moves in risk assets main driver for AUD direction

Wall Street opened lower before rallying late and underpinning AUD nL1N2XU2BD

AUD/USD resistance is at the 200-day MA at 0.7257 and June 3 high at 0.7282

AUD/USD trending higher with the 5, 10 and 21-day MAs in a bullish formation

A close below the 10-day MA at 0.7194 would suggest easing momentum

Support is at the 38.2 of 0.6829/0.7282 move @ 0.7109 and 21-day MA @ 0.7096

Key today will be Tokyo AUD/JPY flows after cross rose 1.0% yesterday

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