• -0.05% after closing up 0.45% with upbeat risk appetite, and the USD -0.25%

• Risk and the AUD firmed on Iran-Israel ceasefire hopes - outlook uncertain

• CPI inflation, a key component for the RBA rate decision, leads data risk

• Weighted CPI, RTRS poll +2.3% - 0#AUDIRPR prices a 25pt July cut at 85.5%

• Charts, 5, 10 & 21-day moving averages conflict, neutral momentum studies

• 21-day Bollinger bands contract - neutral signals at familiar levels

• 0.6427 lower 21-day Bolli band, then Monday's 0.6373 low, first support

• Yesterday's 0.6519 high, then 0.6552 June, and 2025 top first resistance
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)