US CPI data helped drive Us yields US2YT=RR, US$ lower & rally AUD/USD

Riskier assets rallied as investors expect the Fed to keep rates on hold

Investors also pull forward expectations for Fed's first rate cut

AUD/USD rallied sharply above the 10- & 55-DMAs and the daily cloud base

A 5-session high was hit & daily, monthly RSIs imply upward momentum

Daily cloud top, 38.2% Fib 0.6895-0.6271, Nov. 6 daily high are in focus

Break above those impediments may lead to a big short squeeze

CFTC stats indicate net-short AUD positions remain elevated

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