AUD/USD down 0.65% Mon as traders trim positions into Wed Fed rate decision

Caution justified after near one-way 4.8% Jan AUD rally on Fed pivot hopes

Fed's words in focus as markets bet rate hikes will soon end

Stocks close lower, U.S. yields rally ahead of risk events, weighing on AUD

Downside limited on hawkish RBA expectations and China reopening optimism

Mon range 0.7120-0.7051; support 0.7035-40, 0.7010, resistance 0.7090-0.7100

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