• AUD/USD dampened, slips to 0.6187, then bounces to 0.6198

• But remains bearish under Ichimoku cloud resistance 0.6239

• Also inside Bollinger downtrend channel; ceiling at 0.6248

• China retaliates with counter-tariffs against US

• Tit-for-tat move on agriculture was telegraphed beforehand

• US yields stay down but off lows amid US stagflation fears
AUD:

(Ewen Chew is a Reuters market analyst. The views expressed are his own.)