FXstreet.com (California) - AUD/USD has consolidated between 1.0315/50 over the past few hours, as the market awaited the China trade that was due [one hour ago] (02:00 GMT). Tuesday morning saw the par move with extreme volatility in Asia, but price action is a lot more calm today as Asian stocks have moved higher.

Thomson Reuters ? IFRMarkets says: ?The AUD/USD spiked and closed yesterday above the 38.2 fibo of the 1.1081/0.9927 move at 1.0368, but there has been a lack of follow-through in Asia. The 200-day MA at 1.0308 has served as decent support on the day, but a break below that level could see some gap filling towards 1.0230/50. A break above 1.0420 targets the 50% of the aforementioned move at 1.0504.?

At the time of writing, the pair is ranging between 1.0410/1.0310, last quote in the 1.0355 price zone, just a few pips above the open. To the downside, according to Valeria Bednarik, Chief Analyst at FXstreet.com, support levels lie at 1.0310, 1.0265 and 1.0220. To the upside, resistance levels lie at 1.0410, 1.0440 and 1.0475.