AUD/USD opened unchanged at 0.6590 after rally failed at 0.6635

Wall Street slumped in US afternoon to put the pressure back on AUD

Asia continued in risk-off mode with equity market falling hard

E-mini futures fell another 0.45% while the AXJ index slumped 1.55%

The AUD/USD fell to 0.6564 before settling around 0.6675 into the afternoon

Limiting fall was US 2-year yield easing 10 bps after falling 20 bps Thurs

Fall in US yields due to fears of systemic risk in US banking network [nL1N35I04V]

Financial market stress could force Fed to be less aggressive

Volatility likely to continue into US jobs and be AUD-negative

Support is at the 61.8 of the 0.6170/0.7158 move at 0.6547

A break below 0.6545 would be bearish and intensify down-trend

Resistance is at the 10-day MA at 0.6680

For more click on FXBUZ