AUD/USD opens +0.62% after getting a boost from larger than expected RBA hike nL2N2WV05D

It filled gap from 0.7090 to 0.7148 and then chopped between 0.7080/0.7130

Hourly support is at 0.7080 and break targets yesterday's 0.7047 low

Resistance is at 0.7145/50 where yesterday's high and 10-day MA converge

A break above 0.7150 would suggest bottom is forming and trend lower is done

Aus retail sales for March out today and unlikely to be a market mover

Consolidation ahead of FOMC likely for the AUD/USD in immediate-term

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