• AUD/USD -0.3% late Mon as DXY recovers early losses to finish +0.15%

• U.S. Jul ISM manufacturing PMI 55.6 (poll 54.0), a more than four-year high

• Brent crude -5.0% on Iran peace hopes despite conflicting claims of talks

• AU Jun & Q2 household spending due Tue (prior +1.3%, +0.7% respectively)

• AUD failure to hold above 0.7025 creates possibility of fall toward 0.6920

• Overnight range 0.6984-0.7028 support 0.6920 0.6866, resistance 0.70885
AUD Daily 55-DMA


DXY Daily 55-DMA

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