• AUD/USD +0.7% from Wed 0.7122 low as pair resets sights on topside target

• Futures pricing now implies 66.1% chance of 25 bps RBA hike in Sep

• Break above 0.7210 would pave way for challenge of 0.72825 50-month high

• RBA's Sarah Hunter & Dr James Bishop appear before Senate Committee Thur

• U.S.-Iran war re-escalation fuelling anxiety over energy supply & costs

• U.S. Aug factory activity slows; DXY -0.1%, UST yields softer, Gold +1.3%

• Crucial U.S. Aug non-farm payrolls due Fri, Reuters poll consensus +56k

• Overnight range 0.7122-755 support 0.6920 0.6866, resistance 0.7210 0.7282
AUD Daily 21/55/100-DMA

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