• AUD/USD -0.7% from Tue 0.6996 high after Q2 CPI gives RBA breathing room

• Inflation updates broadly below expectations, Q2 trimmed mean +3.6% y/y

• AUD pushing lower hourly Bollinger band, progress lower may slow short term

• FOMC meeting outcome Wed, focus on statement with FFR unlikely to change

• Iran launches missiles at U.S. base in Jordan, Brent crude +4.6% in Asia

• Range Asia 0.6937-77 support 0.6866 0.6834, resistance 0.7027 0.7088
AUD Hourly Bollinger Study


AUD Daily 55-DMA

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