• AUD/USD +0.3% mtd, post-Jun rally extending as RBA hike anticipation builds

• Strong commodity prices and hawkish RBA rhetoric remain key AUD drivers

• Brent crude +1.8% Wed in Asia as U.S.-Iran war broadens and escalates

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

• AUD targets 0.72825 50-month high, break above will amplify upside potential

• Range Asia 0.7218-265 support 0.7122 0.6920, resistance 0.7277-82 0.7661
AUD Daily 21/55/100-DMA

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