• AUD/USD +0.3% Tue with AU household spending defying rate-hike pressure

• Annual household spending +6.0% in Jun as the fuel crisis lifted EV demand

• DXY +0.6% from Mon 99.42 low as immediate JPY intervention fears dissipate

• Oil prices fall despite inconsistent claims about U.S.-Iran peace talks

• AUD pushing upper hourly Bollinger band, topside may be limited short term

• Failure to break 0.7035 cleanly will consign pair to fresh downside drift

• Range Asia 0.6997-0.70235 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.)