AUD range traded into CPI, which was significantly stronger than expected

RBAs preferred trimmed mean - +1.7% q/q poll 1.5%, +6.9% y/y poll 6.5%

AUD has surged +0.75% with solid flow on D3 - breaking major resistance

Inflation jump puts the pressure on the RBA to adopt a more hawkish stance

RBAWATCH prices a Feb 7th 25pt hike to 3.35% at 76.3% from 58.3% pre CPI

Charts; daily momentum studies and 21 day Bollinger bands head higher

5, 10 & 21 day moving averages all track north - positive trending setup

Major resistance at 0.7091, 61.8% of the 2022 fall has finally broken

Next stop 0.7136 the August high - today's 0.7033 low pivotal support

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