AUD/USD opened 0.6596 after closing on Friday at 0.6582

It tracked higher on hopes SVB crisis was being contained by Fed action nL1N35K0R3

It traded 0.6650 when E-minis rallied over 1.0% and US yields opened lower

It then dipped below 0.6610 when the 2-year yield bounced from 4.445% to 4.536%

Goldman came out and said Fed would pause at March FOMC and USD was slammed nFWN35I1R2

The 2-year US yield fell below 4.40% and the AUD/USD spiked above 0.6660

It traded to 0.6671 - just short of the 10-day MA at 0.6673

Heading into the afternoon it is trading around 0.6660/65

A close above 0.6675 targets the 21-day MA at 0.6670

Support is at 50% of the 0.6170/0.7158 move at 0.6547 with bids at 0.6565

Key will be reaction on Wall Street and US Treasury market when US arrives

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