AUD/USD up 0.8% in Asia as RBA hikes rates 25bps, provides hawkish outlook

Says further hikes needed to ensure inflation returns to its target of 2-3%

Drops previous guidance that it wasn't on pre-set path; another hawkish sign

Market pricing in peak RBA rate of nearly 4% for October 0#RBAWATCH

AUD rally muted on caution ahead of Powell interview; range 0.6882-0.6952

Likely to hold up well if Fed Chair hawkish, may rally strong if he is not

Resistance 0.6950-55, 0.7000-05, support 0.6890-0.6900, 0.6850-60

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