The poor result in the Westpac Consumer Sentiment survey for April (down 5.1% from March after 3 months of gains) has knocked 10 points or so off AUD/USD.
- There are current bids working 1.0475/85, but stops below 1.0470.
- Bids in again around 1.0445/55.
- To the topside, 1.0500/20 holds sell orders.
It looks heavy to me (for a test of 1.0450) – but the bids are holding it so far.