AUD/USD traded above 0.7590 after correcting to 0.7574 late in US session

The correction filled in some of the gap from 0.7540 to 0.7661 after RBA nL2N2W306M

Local press suggesting a June 25 BP hike by the RBA is all but a done deal

Market is pricing in more than a 100% chance the RBA will hike in June

Aus election and release of wage price index May 18 makes a May hike less likely

Support is at former resistance at 0.7540/55 and 10-day MA at 0.7522

Resistance is at yesterday's 0.7661 high and 76.4 of 0.8007/0.6967 @ 0.7761

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