• AUD/USD -0.4% from Mon 0.7074 high as markets brace for RBA outcome 0430 GMT

• No OCR change widely expected, statement & post-meeting press conference key

• AUD 0.7088 resistance tough to break, hawkish RBA surprise could trigger

• Hope for U.S.-Iran peace fades again with both sides demanding reparations

• Brent crude +5.2%, Gold rally continues to extend, DXY & UST yields firm

• AU Q2 wage price index, and U.S. Jul inflation update both due Wed

• Overnight range 0.7048-74 support 0.6920 0.6866, resistance 0.70885 0.7200
AUD Daily 55-DMA

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