• AUD/USD +0.7% from Tue 0.6997 low as markets turn broadly positive

• U.S. equities hit record highs on positive earnings, Middle east hopes

• Brent crude -6.0% amid ongoing claims of progress in Iran peace talks

• Bessent reaffirms ongoing U.S. support for JP in wake of JPY intervention

• AUD targeting 0.7085-90 resistance, breakout would reinvigorate weary bulls

• AU Jul S&P services PMI, CN Jul RatingDog services PMI both due Wed

• Overnight range 0.7015-485 support 0.6920, resistance 0.70885 0.7200
AUD Daily 55-DMA

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