• AUD/USD recovers Wed after earlier losing ground on hawkish Fed comments

• Fed's Williams advocates strong response to future inflation moves

• AU Apr CPI above expectation 2.4% y/y (poll 2.3%), trimmed mean 2.8% y/y

• Tue's broad based USD buying likely to be short term phenomenon

• AUD struggling to break away from 0.6446 200-DMA, 0.6550 resistance crucial

• AU Q1 capex Thur (Reuters poll consensus +0.5%), Apr retail sales due Fri

• Range Asia 0.6426-54, support 0.6390 0.6355, resistance 0.6550
NZD Daily 200-DMA

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