• AUD/USD extends weakness after facing rejection above the 0.75 handle.
   
• Selling pressure on the pair mounting on declining bond yields, is trading at session lows by 0.7470.
   
• Australian 3 year bond futures trades at record low yield of 1.39 % vs. cash rate of 1.75%, while the Australian 10-year bond yield is down towards 1.88% vs 1.98% yesterday.
   
• As suggested in our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-recovery-from-session-lows-at-07452-lacks-momentum-100-DMA-is-stiff-resistance-238714) upside in the pair lacks momentum.
   
• 20-DMA at 0.7508 is capping upside in the pair for the last 3 sessions, only decisive break above could see gains.
   
• Techs are bearish, scope for downside, we recommend holding for targets.