• AUD/USD -0.2% Tue as DXY and Fed rate hike expectations rise in unison

• Oil supply concerns escalate with no end to Middle East hostilities in sight

• Futures pricing indicates 93.2% probability of 25 bps FFR hike Wed

• RBA officials (including Bullock) before parliamentary committee on Fri

• AUD move toward 0.7080 100-DMA likely as downside potential develops

• Range Asia 0.7128-41 support 0.7080 0.6920, resistance 0.72825 0.7661
AUD Daily 21/55/100-DMA


DXY Daily 55-DMA

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