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• AUD/USD unchanged late Tue with attention trained on looming inflation data

• AU Q1 CPI 0130 GMT (Reuters poll +4.2% y/y), will firm RBA OCR trajectory

• UAE withdrawal from OPEC not enough to quell oil supply anxiety, WTI +3.4%

• U.S.-Iran Strait of Hormuz stalemate remains dominant market theme

• AUD will require new impetus to prompt challenge of 0.7250-85 resistance

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

• U.S. Apr consumer confidence 92.8, Reuters poll poll 89.0

• Overnight range 0.7151-874, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD Daily 55-DMA


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