• AUD/USD -0.1% after inflation surges in first Iran war impacted update

• AU Q1 CPI 4.1% y/y (poll 4.2%), 1.4% q/q (poll 1.4%), trimmed mean 3.5% y/y

• Futures market pricing now implies 75% probability of May 5 OCR hike

• Further RBA hikes likely to spur move beyond 0.7250-85 resistance zone

• Iran stalemate pivotal, WSJ reports Trump warns of extended Iran blockade

• No FFR change expected from FOMC Wed, Powell's final meeting as Fed Chair

• Range Asia 0.7168-895, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD Weekly 52-WMA


AUD Hourly Bollinger Study

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