• AUD/USD opened Tuesday at 0.7360, traded 0.7293-0.7363 in Asia, and was last at 0.7314 at the time of writing
  
  
• The Aussie edged off multi-week highs, dropped to 0.7305 against the USD, from a two-month peak of 0.7382 touched on Monday
  
  
• A nine-session winning streak drew sellers and a return of risk aversion hit commodities such as copper and gold, weighing on the AUD
  
  
• Upbeat Chinese trade data did little to offset uncertainty, AUD/USD was rejected at 0.7350 resistance 
  
  
• China trade balance came in at 376.20 bn yuan (expected $292.41 bn yuan), exports were -1.1% (expected -7.4%), while imports were -17.7% (-16.5% expected)
  
  
• Markets also ignored data that showed Australia's business confidence rebounded in Sept, and measure on employment intentions which jumped to its highest since mid-2011
  
  
• AUD/USD is currently trading at 0.7316, with immediate resistance at 0.7338 (4h Tenkan) and support at 0.7266 (4h Kijun)
  
  
• Pricce action has dipped into the cloud, RSI and Stochs are biased lower and at overbought levels, some correction likely in the near-term
  
  

Recommendation: Good to sell rallies around 0.7315/20, SL: 0.7340, TP: 0.7250