• AUD/USD +0.1% Wed as data reveals GDP beat expectations in the Jun quarter

• AU Q2 real GDP +0.4% q/q, +2.1% y/y (Reuters poll +0.3%, +1.8% respectively)

• Oil prices sharply higher after U.S. renews attacks on Iran, WTI +9.6% wtd

• AUD drift towards 0.7108 21-DMA less likely, sideways consolidation for now

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

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

• Range Asia 0.71385-535 support 0.6920 0.6866, resistance 0.7210 0.7282
WTI Daily 21-DMA


AUD Hourly Bollinger Study

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