• AUD/USD finishes flat Wed after surging in wake of U.S. inflation data

• U.S. Jul CPI: headline +3.4% y/y, core +2.5% y/y (inline with Reuters polls)

• Some investors pushing out Fed rate hike predictions to later in year

• Iran states no progress on effort to reach permanent ceasefire with U.S.

• AUD failed to break 0.7085-90 resistance zone cleanly, drift lower likely

• RBA Assistant Governor Christopher Kent fireside chat in Sydney Thur

• Overnight range 0.7057-91 support 0.6920 0.6866, resistance 0.7090 0.7200
AUD Daily 55-DMA


AUD Hourly Bollinger Study


US Inflation & Interest Rates

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