• Aussie plummets after soft CPI print raised chances of a Nov rate cut by RBA to above 50% 
  
  
• Headline inflation held at 1.5% in the Sept quarter, with the quarterly change in the CPI rising just 0.5%, below the 0.7% increase forecast by markets
  
  
• AUD/JPY breaks below daily cloud, downside stalled at 85.63 and the pair has edged slightly higher to trade at 85.75
  
  
• Immediate resistance is seen at 86.10 (hourly 10 MA), ahead of 86.17 (cloud top)
  
  
• Supports on the downside are located at 85.70 (daily kijun) and further below at 85.63 (session lows) and the 85.25 (trendline support)
  
  
• Techs indicate further downside, RSI and Stochs point South, breaks below 85.60 could see the pair at trendline support by 85.25 
  
  

Resistance Levels:

R1: 86.10 (hourly 10 MA)

R2: 86.17 (cloud top)

R3: 87.07 (55 EMA)

Support Levels:

S1: 85.70 (daily kijun) 

S2: 85.63 (session lows) 

S3: 85.25 (trendline support)