• AUD/USD rose to 0.7136 in Asia, its highest level since Wednesday

• Ascent influenced by hawkish shift in RBA expectations on Bullock

• RBA chief Bullock warns inflation risks materializing

• Markets now see 95% chance of RBA rate hike to 4.6% on Sept 29

• Wednesday high was 0.7141 - before drop to 0.7075 on Fed's hawkish hike

• 0.7075 was four-week low, which the 100-day moving average helped define

AUDUSD

(Robert Howard is a Reuters market analyst. The views expressed are his own)