When is the Australia monthly CPI and how it could affect AUD/USD?

The Australian Bureau of Statistics will release March CPI Wednesday at 01:30 GMT, with consensus at 4.7% YoY versus 3.7% in February. AUD/USD is trading softer ahead of the print as the US dollar strengthens amid uncertainty over US‑Iran talks. A hotter‑than‑expected print could boost the Australian dollar, with immediate resistance at 0.7200, then 0.7222 and 0.7283. On the downside, buyers may find support at the April 27 low of 0.7131, with extended losses exposing 0.7100 and then the March 13 low at 0.6980. The note highlights key AUD drivers—RBA rates, iron‑ore prices, China’s growth and trade balances—stressing CPI’s importance under the new monthly methodology. Overall the piece is a conditional outlook tying the upcoming CPI to potential near‑term AUD/USD moves rather than a directional call.