• AUD/USD +0.1% & DXY +0.2% late Wed, risk sentiment markedly resilient

• Iran demonstrates ongoing control of Strait of Hormuz, seizes two ships

• U.S. equities shrug off concern despite Brent crude back above $100 a barrel

• 0.7250-85 resistance next AUD target, break would start fresh leg higher

• AU/U.S. Apr S&P PMIs, U.S. initial jobless claims (poll 210k) all due Thur

• Overnight range 0.71465-725, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD Hourly Bollinger Study & DXY Daily 55-DMA


Strait of Hormuz Oil Tanker Movements

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