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• AUD/USD +0.2% as RBA tightens monetary policy 25 bps as widely anticipated
• Decision unanimous, further hikes not ruled out, 4.60% OCR a 15-year high
• AU Aug CPI update due Wed, Reuters poll consensus +0.5% m/m, +4.1% y/y
• AU household spending softens to 0.0% in Aug (prior +1.1% m/m)
• WTI +1.5% as supply concerns re-escalate amid scant U.S.-Iran peace progress
• Fed rate hike bets firm, futures pricing implies 70.3% chance of Oct 28 hike
• AUD targets 0.6920 support, break above 0.7066 100-DMA may reset narrative
• Range Asia 0.7008-29 support 0.6920 0.6865, resistance 0.7282 0.7661
AUD Daily 21/55/100-DMA
AUD Hourly Bollinger Study
(James Connell is a Reuters market analyst. The views expressed are his own.)