By Krishna K — May 22 - 07:35 PM
AUD/USD on the defensive in Asia after declining 0.7% Wednesday
Weighed down by higher U.S. yields as Fed stresses higher-for-longer rates
Fed shifts talk to 'scenarios' as policy grows less certain
Commodities drop undermines AUD; NYK copper -5%, gold -1.8% on profit-taking
AUD also hit by technical selling after failure to rally on positive news
Minor support 0.6600-05, 0.6580, resistance 0.6645-50, 0.6680
Wednesday range 0.66855-0.66085
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Source:
Refinitiv IFR Research/Market Commentary