• AUD/USD +0.1% Wed, oil prices surging as U.S.-Iran war broadens & escalates

• Futures pricing now implies 72.9% probability RBA will hike 25 bps in Sep

• RBA's Hauser says board will debate Sep hike amidst inflation concern

• Focus will shift to U.S. Aug PPI due Thur, and CPI Fri (poll +0.4% m/m)

• AUD targets 0.72825 50-month high, break above will boost topside potential

• Range Asia 0.7218-26 support 0.7122 0.6920, resistance 0.7277-82 0.7661
AUD Daily 21/100/200-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)