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FxWirePro: USD/JPY caught in narrow range, bias bearish 
• AUD/USD edged lower on Tuesday as investors awaited Australia’s upcoming CPI data for fresh direction.
• Traders are awaiting Australia’s first “complete” monthly CPI report for October, due Wednesday, to gain clearer guidance on the Reserve Bank of Australia’s (RBA) policy outlook.
• The data will offer a more comprehensive picture of inflation pressures especially in key categories such as housing and market-based services.
• Interest-rate swaps show almost no expectation of an RBA rate cut before May next year, with only around a 50% probability priced in for that meeting.
• Immediate resistance is located at 0.6470(38.2%fib), any close above will push the pair towards 0.6511(SMA 20).
• Support is seen at 0.6434(Lower BB) and break below could take the pair towards 0.6417 (23.6%fib).
Recommendation: Good to sell around 0.6460, with stop loss of 0.6530 and target price of 0.6430
