• AUD/USD -0.2% Wed as Aug monthly inflation slightly undershoots forecasts

• AU Aug CPI +0.4% m/m, +4.0% y/y (Reuters poll: +0.5%, +4.1% respectively)

• RBA Governor Bullock hopes policy restrictive enough to temper inflation

• Fed President John Williams sees no urgency for next FFR hike

• Futures pricing implies chance of Oct 28 Fed hike has declined to 53.0%

• AUD targets 0.6920 support, break above 0.7063 100-DMA may shift narrative

• Range Asia 0.6970-95 support 0.6920 0.6865 0.6834, resistance 0.7282
AUD Daily 21/55/100-DMA

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