A$ Best G10 Performer, PMI Revisions & Housing Finance Data Out Today

AUD/USD got near 0.6575 late in US trade on Thursday, amid broad USD losses. We sit slightly lower in early Friday dealings, last around 0.6565. The currency gained 0.64% for Thursday's session, the best performer in the G10 space, with yen next (+0.61%).

• Levels wise, focus is on the Apr 29 high at 0.6587. If we clear this level then 0.6644 may be targeted next, which was the Apr 9 high and a key resistance point. 0.6465 was the May 1 low, while 0.6363 (Apr 19 low) is viewed as the bear trigger.
• The pull back in US yields through Thursday, as dovish FOMC sentiment outweighed firmer US data, weighed on broader USD sentiment. Equity sentiment was also higher in US markets, the SPX up just over 0.90%.
• The aggregate Bloomberg commodity index rose 0.31%, but the metals sub-index fell 1.21%. Iron ore prices sit just off recent highs, last near $117/ton.
• Locally today we have the final Judo Bank PMI reads for April (services and composite). Housing finance data for March is also out (+1.0% rise forecast).
• Finally, note the following option expiries for NY cut later: $0.6500(A$1.1bln), $0.6525(A$674mln).