AUD/USD to remain bid on dips after closing 0.25% higher Tuesday

Boosted by buoyant risk sentiment, waning fears of global recession

Soft U.S. economic data raises optimism of less aggressive Fed rate hikes

Australia Q4 CPI due Wed, expected to accelerate to 7.5% from previous 7.3%

Higher than expected reading will cement expectations of 25bps RBA Feb hike

Some expect the cenbank to pause after soft jobs data last week

Resistance 0.7065-75, 0.7090-0.7100; support 0.7000-05, 0.6965-70

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