AUD/USD traded to 0.6390 form 0.6360 after hotter than expected CPI nAZN1D54MP

RBA meets Nov 7 and CPI may be tipping point for a 25 BP hike to 4.35%

Market was pricing in a 35% chance of a hike before the CPI release

AUD/USD resistance @ 55-day MA @ 0.6406- break would suggest bottom in place

Target for a sustained move higher is the 38.2 of the July/Oct fall @ 0.6519

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