• AUD/USD +0.4% from Tue 0.7137 low as DXY softens amid moderating oil prices

• AU Jul CPI due Wed, Reuters poll consensus +0.8% m/m, +3.3% y/y (headline)

• U.S. Jul PCE price index Wed, Reuters poll consensus +0.1% m/m, +3.6% y/y

• Brent crude -5.4%, sanction pressure deemed safer than military escalation

• Pair targets break above 0.7200, may spur move toward 0.72825 Jun 2022 high

• AUD pushing upper hourly Bollinger band, progress higher will be tempered

• Fed Chair Warsh speech at Jackson Hole Fri will be heavily scrutinized

• Overnight range 0.7137-68 support 0.6920 0.6866, resistance 0.7190-00 0.7282
AUD Hourly Bollinger Study & DXY Daily 55-DMA


AUD Daily 21/55/100-DMA

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