• AUD/USD extended its week-long rally to 0.6381, up 8% from Apr 9 0.5910 low

• AUD benefits from compounding doubts around long-standing strong USD policy

• The pair avoided major 0.6390 resistance first time up, remains above 55-DMA

• U.S. import price data benign, inflationary impact of tariffs yet to come

• CN Mar retail sales (poll +4.2% y/y), Q1 GDP (poll +5.1% y/y) 0200 GMT Wed

• AU employment data 0130 GMT Thur, Reuters poll consensus +40.0k jobs

• Overnight AUD range 0.6333-81, support 0.6180 0.5910, resistance 0.6390
AUD 55-DMA


AUDUSD 4 Hour Chart

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