• AUD jumps 0.55% as inflation exceeds expectations, then eases to +0.35%

• Trimmed mean RBAs preferred measure +1.7% q/q poll 1.5%, 6.9% y/y poll 6.5

• Headline CPI - +1.9% - poll 1.6 q/q, +7.8% - poll 7.5% y/y,

• RBAWATCH prices a 25pt 3.35% hike at 71.8% from 58.33% pre data

• Charts; momentum studies and 21 day Bollinger bands head higher

• 5, 10 & 21 day moving averages climb - positive trending setup

• Targets a test of major resistance at 0.7091, 61.8% of the 2022 fall

• Sustained break of 0.6899 21 day moving average base would end topside bias

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