• AUD (1%) firms, USD on the backfoot after JPY intervention triggers dollar sales

• Spot pushing back into the 0.72 figure - level has repeatedly capped topside

• A convincing break here would open the door to the April high at 0.7222

• Policy tailwind firmly in play with an RBA hike expected on 5 May

• Dips into 0.7100-15 should continue to attract buyers, keeping bull structure intact
AUDUSD daily chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))