• AUD/USD -0.9% from Tue 0.69295 high as hot U.S. inflation update impacts

• U.S. Oct core CPI +0.3% m/m (poll 0.2%), headline CPI +0.4% m/m (poll 0.3%)

• Broad USD index 0.6% firmer and UST yields higher across the curve

• Futures pricing now implies 88% probability of Fed rate hike on Dec 9

• Fed Governor Christopher Waller flags possibility of 50 bps hike

• AUD 0.6835 support critical, break below opens door for much bigger fall

• Overnight range 0.6844-0.69295 support 0.6835 0.6662, resistance 0.7140
AUD Daily 21/55/100-DMA


DXY Daily 55/100/200-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)