• AUD/USD -0.1% Thur after unsubstantiated rumours cause -0.4%/+0.4% gyration

• Rumours of Iran air strikes negated by rumours of Iranian air defence drills

• AU Apr S&P PMIs: manufacturing 51.0 (prior 49.8) services 50.3 (prior 46.3)

• Iran seizes two ships in display of ongoing control over Strait of Hormuz

• 0.7250-85 resistance next AUD target, hawkish RBA a likely catalyst

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

• Range Asia 0.7138-655, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD One-Minute Chart


AUD Daily 55-DMA

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