AUD/USD -0.4% after RBA holds rates at 4.35%, warns on inflation pressures

RBA says inflation remains high, falling more gradually than expected

Assumes rates stay at 4.35% until mid-2025;9 months more than assumed in Feb

RBA also raises inflation forecast, says outlook remains highly uncertain

Traders await media conference on monetary policy decision at 0530 GMT

AUD down from 0.6625 to 0.6597 as c.bank not as hawkish as some had expected

Buyers surface below 0.6600 as RBA to remain higher-for longer on rates

AUD dips likely to remain shallow as RBA-Fed rate expectations diverge

Major resistance 0.6667-77, the high in Mar & 61.8% Fib of Dec-April decline

Initial resistance at 0.6645-50; supports 0.6595-0.6600, 0.6550

Asia range 0.6640-0.6597

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