• AUD falls back to 0.67 as soft risk tone saps demand for high beta FX

• 200DMA (0.6743) keeps bears in control, 0.68 also a key hurdle

• Next week is pivotal for the short-term AUD outlook with Q1 CPI on tap

• Topside surprise would likely fuel AUD gains, opening door to May a hike

• Markets see a May hike at only a 29% chance 0#RBAWATCH

• AUD/NZD (equity neutral cross) is a better expression for higher AUD

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