AUD/USD opened -0.28% at 0.6762 after USD moved broadly higher

In a quiet Asian session it could only manage a 0.6762/70 range

Market is looking ahead of US CPI as Fed expectations are in flux

AUD/USD resistance is at the 100-day MA at 0.6791 and April 14high at 0.6808

Support is at 0.6695/0.6700 where the 10 & 21-day MAs converge

Key to direction will be the equity and bond market reaction to US CPI

A close below 0.6695 would suggest recent strength may be unwound

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