• AUD/USD -0.1% Wed, trading subdued as markets seek fresh inspiration

• CN Jul RatingDog services PMI 50.4(prior 54.1), AU Jul S&P services PMI 53.6

• AUD 0.7088 resistance hard to break, but would flip recent bearish narrative

• Brent crude trading below $80 a barrel on claims of U.S.-Iran peace progress

• Bessent says U.S. committed to support of JP after 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 Hourly Bollinger Study & DXY Daily 55-DMA

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