• AUD/USD steady Wed as Iran peace hopes ebb & markets await U.S. inflation

• Iran says Strait of Hormuz will stay closed unless U.S. meets its demands

• U.S. Jul CPI due Wed, Reuters poll: headline +3.4% y/y, core +2.5% y/y

• AUD 0.7088 level a likely inflection point, stop-loss buying if breaks above

• RBA Assistant Governor Christopher Kent fireside chat in Sydney Thur

• Range Asia 0.70595-685 support 0.6920 0.6866, resistance 0.70885 0.7200
AUD Weekly 52-WMA

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