• AUD/USD flat wtd despite sharp oil price drop as U.S. & Iran pause attacks

• Brent crude -9.3%, WTI -8.3% as Trump talks up Iran diplomacy attempts

• RBA Governor Bullock speech on monetary policy in Sydney Tue

• AU Q2 CPI due Wed, Reuters poll consensus +0.7% q/q, +4.1% y/y

• FOMC meeting outcome also due Wed, no change to FFR target expected

• AUD's Jul upswing intact but failure to extend beyond 0.7020-25 concerning

• Overnight range 0.69855-0.70045 support 0.6866 0.6834, resistance 0.7027
AUD Daily 55-DMA

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