• Off 0.1% early after closing down 0.8% after a perceived dovish RBA hike

• Outlook suggests inflation is only expected to slowly ease next year

• Asia takes the positive Wall Street lead, Nikkei +0.45%, S&P/ASX 200 +0.25%

• No Australian event risk today so the USD and risk appetite to lead AUD

• Charts; 5, 10 & 21 day moving averages climb, 21-day Bolli bands flat line

• Momentum studies conflict - uptrend has stalled - range trading likely

• 0.6523 high on Monday proved resilient and provides range resistance

• 0.6367, 61.8% of the October/November climb is a viable range base

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