AUD/USD opens 0.44% lower after long-dated US yields spiked higher nL8N2LG21A

Higher US yields supported USD and weighed on risk assets

Key commodities fell and forced some AUD/USD longs to pare back nL1N2LG0LT

Resistance @ 61.8 of 0.8007/0.7621 @ 0.7859 validated by price action

Support at 10-day MA at 0.7746 and 55-day MA at 0.7742

Aus retail sales for Feb out today with the market looking for +0.40% M/M

For more click on FXBUZ