• AUD/USD -0.1% Wed after AU inflation rises less than expected in Apr

• AUD Apr monthly CPI +0.4% m/m (poll +0.6%), +4.2% y/y (poll +4.4%)

• U.S.-Iran peace negotiations at risk following latest U.S. strikes

• Iran threatens retaliation, Brent crude softens but stays near $100 a barrel

• AUD resistance forming near 0.7185, new impetus needed to avert downside run

• AU Q1 capital expenditure due Thur, Reuters poll consensus +1.0% q/q

• Range Asia 0.71565-79, support 0.7080 0.6834, resistance 0.7185 0.7283
AUD Hourly Bollinger Study & DXY Daily 55-DMA

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