AUD/USD opens 0.55% higher as risk currencies rally ahead of Wed Fed meeting

Boosted by optimism on passage of U.S. fiscal stimulus nL1N2K104T

Buoyant copper and iron ore prices support; reflation trade underpins

AU Q4 CPI eyed Wed; headline CPI expected 0.7%q/q, trimmed mean CPI 0.4%q/q

Unlikely to shift market expectations as RBA to remain on hold nL4N2JU0SQ

Support 0.7720-25, 0.7700, 0.7660-70 strong; resistance 0.7755-60, 0.7780-85

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