FxWirePro: AUD/USD steadies around 0.6700, retains bid tone

• AUD/USD firmed   on Friday as Aussie held steady as rising global equities offset pressure from a firmer greenback.

• The RBA left its cash rate unchanged at 3.6%, acknowledging softer inflation that is still above the 2%–3% band

• Australia’s economy is slowing gradually, maintaining the narrative of a soft landing without triggering alarm.

•Markets are now pricing in a 27% chance of a quarter-point rate hike at the RBA’s February meeting, with expectations rising sharply to around 76% by May.

• Attention now turns to the Q4 CPI later this month, with next week’s December jobs report also expected to provide further insights.

•  Immediate resistance is located at 0.6757(23.6%fib), any close above will push the pair towards 0.6769 (Higher BB).

•  Support is seen at 0.6690 (SMA 20) and break below could take the pair towards 0.6674(38.2%fib)

Recommendation: Good to buy  around 0.6700 with stop loss of 0.6650, and target price of 0.6760