• AUD/USD +0.4% wtd, extends rally into a sixth-consecutive week

• Claims of U.S.-Iran peace progress moderates oil prices, WTI -1.6% Wed

• AUD break above 0.7088 resistance required to enable next leg higher

• Bessent says U.S. committed to support of JP after recent JPY intervention

• AU Jul balance of goods due Thur, Reuters poll consensus 1.1 bln deficit

• Range Asia 0.7040-534 support 0.6920 0.6866, resistance 0.70885 0.7200
AUD Weekly 52-WMA

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