AUD/USD gives up gains, trades flat on the day after 2nd rejection at 0.6650

Pair had failed to break this level on Friday after soft jobs data

Australian retail sales volumes fell by more than expected in March quarter

Real retail sales -0.4% in Q1, under market expectations for a fall of 0.2%

Elevated costs of living, high interest rates deter consumers from spending

RBA rate decision due; c.bank expected to hold rates, sound more hawkish

Some expect RBA to revert to tightening bias after turning neutral in Mar

Flip in one month unlikely as demand concerns mitigate effect of high CPI

AUD downside limited as RBA-Fed rate expectations diverge

Resistance 0.6645-50, support 0.6600-05; range in Asia 0.6649-0.6621

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