• AUD/USD surges 4.5% from Wed's 0.5910 low as trade-war abates on some fronts

• Recovery started in Asia, accelerated as Trump paused tariffs for 90 days

• AUD remains 3.6% below Apr 3 pre-tariff-day high, has room to extend topside

• Next target: 0.6206 resistance (61.8% Fibo retracement of Apr 3-9 rout)

• CN PPI/CPI due 0130 GMT Thur (poll -2.3%/+0.1% y/y), U.S. CPI 1230 GMT

• Overnight range 0.59875-0.6174, support 0.5910 0.5520, resistance 0.6206
AUD Hourly Fibo Study

(James Connell is a Reuters market analyst. The views expressed are his own.)