Share: Stocks plummeted, but demand for the greenback remained subdued. Australia will publish May Westpac Consumer Confidence on Wednesday. AUD/USD maintains its positive stance in the near-term, holds above critical 0.7820. The AUD/USD pair spent Tuesday in a tight intraday range, holding on to its latest gains above the 0.7800 thresholds. The pair trades around 0.7840, little changed from Monday’s close, as it is trapped between the broad greenback’s weakness and the poor performance of global indexes. Wall Street suffered sharp losses, led by the tech sector and fueled by rising commodity prices, which may end inflating producer prices and hence, resulting in higher-than-tolerable inflation levels. This Wednesday, Australia will publish May Westpac Consumer Confidence, previously at 6.2%.