AUD/USD flat in Asia after recovering from an early drop to 0.7084

Supported by a 0.6% NZD rally as RBNZ more hawkish than expectednL2N2XH03U

Underpinned by stronger Asia risk appetite; S&P E-Mini +0.5%, ASX 200 +0.6%

Upside capped by caution ahead of release of FOMC May meeting minutes Wed

Dip buyers limit downside as cracks start to emerge in the bullish USD story

Slowing economy, drop in inflation expectations undermine USD nL3N2XH0D8

Resistance 0.7125-35, 0.7160-65, support 0.7080-85, 0.7055-60

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