AUD/USD opened +1.29% at 0.6667 after huge fall in US 2-year yield weighed on USD nL1N35L2J4

After trading at 0.6671 it moved lower when the 2-year US yield bounced

Longs pared back and it traded down to 0.6633 as AUD/USD underperformed

Heading into the afternoon it is settled around 0.6635/40

Bulls disappointed the AUD/USD failed to hold above the 10-day MA (0.6665)

A clear close above the 10-day MA targets the 21-day MA at 0.6755

Key support is at the 61.8 of the 0.6170/0.7158 move at 0.6547

Bids are tipped around 0.6610 with sellers eyed above 0.6700

Reaction to the US CPI later today will be key for direction

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