• AUD/USD +0.5% form Mon 0.7115 low, finds support despite U.S.-Iran concerns

• Hawkish RBA continues to ensure AUD sell-offs shallow & short lived

• Futures pricing imply 71.4% probability of 25 bps May 5 RBA OCR hike

• Iran rejects peace talks, Trump threatens new air strikes, WTI +7.5%

• U.S. Mar retail sales due Tue; Apr S&P flash PMIs due Thu

• Range Asia 0.7115-633, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD Daily 55-DMA

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