AUD/USD remains on the defensive in Asia after declining 0.5% Monday

Weighed down by higher U.S. yields on repricing of Fed rate expectations

Fed now expected to hike rates above 5%, 2023 rate cut bets pared back

Fed may need to push rates higher, Bostic tells Bloomberg

Powell interview Tue keenly awaited; Biden's State of the Union Address eyed

RBA rate decision Tuesday, 25 bps hike expected but guidance key

Support 0.6848, 55-DMA, 0.6830-35, resistance 0.6910-15, 0.6945-50

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