AUD/USD likely to remain bid on dips after closing 0.4% higher on Thursday

Boosted by lower U.S. yields as soft data backs recession outlook

U.S. 2-year yield down 10bps as rate futures price in Fed pause in June

Rally capped by hawkish comments from Fed's Mester who flags more rate hikes

Lower commodity prices weigh on AUD; iron ore falls to multi-month lows

0.6680-0.6800-10 range likely to prevail as traders await fresh cues

Resistance 0.6770-75, support 0.6715-20, 0.6695-0.6700

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