AUD/USD consolidates after rallying to a 1-month high of 0.6738 in Asia

Risk rally and heightened expectations of a dovish Powell on Fri support

Gains likely to slow as dovish Fed expectations mostly priced in

AUD/JPY stalls at a 3-week high of 98.91 for 3rd day, limiting AUD gains

RBA Aug meeting minutes hawkish; c.bank sees near-term rate cut as unlikely

AUD to remain bid on dips as RBA-Fed interest rate expectations diverge

89 bps of RBA cuts only priced by end-2025 vs 94 bps of Fed cuts by end-2024

Resistances 0.6744-0.6764, daily highs in mid-July, stronger @ 0.6788-0.6798

Support 0.6695-0.6700,0.6670; AUD/JPY resistance 98.90-99.00, 99.90-100.00

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