AUD/USD opens -0.74% as higher US yields and China demand concerns weighed

Worries over China Covid dilemma sent NY copper sliding over 2.0% nL1N3320GL

AUD weakened against most currencies despite strong gains on Wall Street

Much of the price action was positioning ahead of US CPI and FOMC meeting

AUD/USD closed below 10-day MA at 0.6757 with support at 21-day MA @ 0.6727

Sellers are tipped above 0.6800 with resistance at double top around 0.6850

Consolidation likely in Asia ahead of key events this week

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