AUD/USD gains 0.2% as Asian stock markets rally on Wall Street's lead

Boosted by buoyant risk mood on waning fears of a global recession

Upbeat U.S. economic growth, waning inflation lift risk currencies

Expectations of a more hawkish RBA and less hawkish Fed underpin

Consolidation in 0.7050-0.7150 range likely after rapid 2.2% rise this week

Caution ahead of Feb 1 Fed rate decision may slow rally

Support 0.7060-65, 0.7095-0.7100, resistance 0.7135-45, 0.7170-75

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