AUD/USD bid after closing 0.7% higher Mon as traders bet on jumbo Fed cuts

Boosted by lower U.S. yields; 2-year yield falls to lowest in 2 years

Chances of 50-bp Fed cut Wed at 67%, 120 bps of cuts priced in by Dec 2024

Higher commodity prices support; iron ore, copper up on China stimulus hopes

Break of 0.6747, the 61.8% Fibo of 0.6824-0.622 drop opens 0.6768 and 0.6776

Support 0.6720-25, 0.6695-0.6700; Monday range 0.6700-0.6754

For more click on FXBUZ