AUD/USD to remain supported on dips after closing 1.1% higher on Tuesday

Choppy trading likely to continue, c.bank rate expectations dictate moves

Powell says jobs report shows inflation fight may last 'quite a bit of time'

Points to inflation starting to abate but acknowledges need for higher rates

Hawkish RBA and elevated commodity prices will continue to underpin Aussie

Australia hikes rates, but pause from big central banks is near

Asia may focus on Biden's State of the Union Address; RBA SOMP Friday

Resistance 0.6990-0.7000, 0.7040-50, support 0.6905-15, 0.6880-85

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