• AUD/USD has traded a 13 pip range thus far Thursday; 0.7173-0.7186

• The top of that range is three pips shy of Wednesday's 12-week high

• Wednesday peak was scaled on hotter than expected Australian inflation data

• 0.71645 was NY session low Wednesday, after hotter than expected U.S. PCE data

• Australia household spending extends solid run in July, adding to RBA hike risk

• NAB tips RBA hike in September, as does Citi. CBA, ANZ forecast November hike

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(Robert Howard is a Reuters market analyst. The views expressed are his own)