AUD/USD on the defensive after closing 1.2% lower Wed on broad USD strength

Weighed down by strong U.S. retail sales data, hawkish Fed expectations

Traders now expect higher peak above 5.2% for the Fed funds rate FEDWATCH

Hawkish RBA offsets Fed, both central banks seen on similar rate

RBA peak rate now seen around 4.20%, up from 3.6% a month ago 0#RBAWATCH

Australia Jan employment data Thu; unemployment rate expected steady at 3.5%

Strong support 0.6855-65, resistance 0.6940-50; broad 0.6850-0.7050 range?

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