• AUD/USD -0.5% from Mon 0.70345 high, AI trade concerns ongoing, Nasdaq -0.5%

• Brent crude -8.1% to $104.24 a barrel as Iran raises hopes for peace talks

• RBA monetary policy meeting outcome 0330 GMT, 25 bps hike widely anticipated

• Markets focussed on U.S. midterm elections with control of Congress at stake

• AUD pushing lower hourly Bollinger band, pre-RBA downside extension unlikely

• Break above 0.7069 55-DMA would open window for challenge of 0.7140

• Overnight range 0.69965-0.70305 support 0.6865 0.6834, resistance 0.7140
AUD Daily 21/55/100-DMA

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