• AUD/USD -0.6% from Tue 0.7029 high as RBA comments continue to weigh

• AU Aug CPI update 0130 GMT, Reuters poll consensus +0.5% m/m, +4.1% y/y

• RBA considered holding steady Tue, but ultimately hiked as widely expected

• RBA's Bullock hopes policy restrictive enough to temper inflation

• Fed President Williams says no need for urgency on next FFR rate hike

• AUD targets 0.6920 support, break above 0.7027 200-DMA may change narrative

• Overnight range 0.6966-0.70065 support 0.6920 0.6865, resistance 0.7282
AUD Daily 21/100/200-DMA

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