AUD/USD down 0.3% in Asia as Australia Q1 wage gains underwhelm nL2N2XA02H

Aggressive 40bps hike bets trimmed but 25bps June hike almost fully priced

Rally capped by Powell's reiteration of Fed's hawkish stance nL2N2X9228

Downside limited as easing of China crackdown on tech, COVID-19 lifts risk

Focus shifts to Thursday May jobs data; unemployment may fall below 4%

Failure at pivotal 0.7048-53 resistance Wed technically bearish

Break opens 0.7090-0.7100; support 0.6990-95, 0.6965-70

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