AUD/USD consolidates under 0.67985, 2024 high, after closing 0.3% higher Tue

Fails to break resistance despite broadly weaker USD as rally tires

Fresh impetus needed for break; Australia CPI Wed may prove pivotal

AU CPI forecast to fall to 3.4% from 3.8%, estimates vary from 2.7% to 3.7%

Effect of govt rebates on electricity bills to impact prices in Aug and Sep

Above 0.6800 opens test of 0.6817, 61.8% of 0.7157-0.6268 drop in 2023

Supports 0.6750-60, 0.6725-30; Tuesday range 0.67955-0.67615

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