• AUD/USD +0.5% from Thur 0.7160 low with pressure mounting on RBA

• Futures pricing implies Sep RBA hike more likely than not, probability 56.3%

• AUD 0.7200 resistance holding, but multiple approaches wearing sellers down

• 0.72825 50-month high a very realistic target with scant resistance above

• Fed officials Schmid, Goolsbee, & Hammack issue warnings on U.S. inflation

• Fed Chair Warsh speech at Jackson Hole Fri looming as pivotal event Fri

• Overnight range 0.7175-98 support 0.6920 0.6866, resistance 0.7200 0.7277-82
AUD Daily 21/55/100-DMA

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