• AUD/USD -0.2% Thur as downside drift begins to look more like a downswing

• AUD near 0.7047 lower hourly Bollinger band, may pare momentum short term

• U.S. initial jobless claims (Reuters poll 202k), and Jul PPI due Thur

• Broad USD index struggle to break clear above 100.00 level continues

• Iran says no progress on negotiations to reach permanent ceasefire with U.S.

• RBA Assistant Governor Kent indicates RBA maintaining rate hike optionality

• Range Asia 0.7047-665 support 0.6920 0.6866, resistance 0.7090 0.7200
AUD Hourly Bollinger Study & DXY Daily 55-DMA

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