AUD/USD tries to gain a foothold above 0.6800 after hotter than expected CPI

Rises to a 1-mth 0.6813 high before easing as rate cut expectations persist

Australia July CPI rises 3.5%, slightly above forecasts of 3.4%

Markets continue to price in a 25 bps RBA rate cut by December

Resistance 0.6819, 61.8% of 0.7158-0.6271 drop in 2023 & 0.68385, 2024 high

Support 0.6780-85, 0.6750-60; Asia range 0.6784-0.6813

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