AUD/USD opened -0.80% at 0.6856 after sliding stocks and rising US yields weighed

After trading 0.6864 it came under pressure when Aus wage lineation was less than expected nAZN12T0LC

AUD/USD fell to 0.6833 before bouncing in sympathy with NZD following RBNZ hawkish hike nL1N35202W

AUD/USD traded to 0.6864 before falling again on AUD/NZD selling

It traded to a session low at 0.6830 before settling around 0.6835

Support is at the 200-day MA at 0.6804 and 38.2 0f Oct/Feb move at 0.6780

Resistance is at the 10-day MA at 0.6907 and 21-day MA at 0.6973

Bias is for lower as 5, 10 & 21-day MAs are aligned in a bearish formation

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