AUD/USD trades with a firm tone following its recovery from 0.6983 low Tue

Boosted by higher stocks and lower U.S. yields as risk mood remains buoyant

More signs of waning U.S. inflation, optimism of less hawkish Fed supports

Labor cost growth smallest in a year, house price inflation slows further

Fed rate decision Wed, bets on a far less hawkish Fed risk disappointment

China economic recovery optimism, elevated commodity prices underpin AUD

support 0.7020-25, 0.6990-0.7000, resistance 0.7090-0.7100, 0.7135-45

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