AUD/USD opens 2% higher after soft US CPI sparked a massive reaction nL1N3CF36I

US yields tanked sending USD lower and risk assets flying higher nL1N3CF1JT

AUD/USD poised below 0.6520/25 where it topped out 4 times since mid-August

A break above 0.6525 targets 50% of July-Oct fall at 0.6583

Major resistance is at the 200-day MA right behind at 0.6598

Support is at the 100-day MA at 0.6491 and 10-day MA at 0.6438

Focus shifts to local with wage price data out today and Aus jobs tomorrow

If wages and jobs run hot it could tip RBA towards another rate hike

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