AUD/USD consolidates after closing 0.13% lower Tue, eyes AU CPI data Wed

Australia's May consumer prices expected to fall around 0.2%

But annual rate will likely pick up to 3.8% from 3.6%

Data key for RBA rate expectations, will feed into June quarter CPI report

C.bank struck hawkish note last week, warned of upside risks to inflation

Markets price in 12% chance of Aug rate hike, now barely price a cut by May

High May inflation reading will see rate hike probability rise, support AUD

Speech by RBA Assistant Governor Christopher Kent on Wednesday awaited

Resistance 0.6675-80, 0.6700, support 0.6625-30, 0.6610-15

Trade a broad 0.6580-0.6710 range; Mon global range 0.66725-0.6648 range

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