• AUD/USD +0.2% from Thur 0.7044 low as tepid data softened DXY & UST yields

• U.S. Jul PPI +4.7% y/y (poll +4.9%), initial jobless claims 209k (poll 202k)

• U.S.-Iran stalemate over Strait of Hormuz continues, no resolution in sight

• AUD flat wtd, 0.7090 resistance zone pivotal for medium-term direction

• U.S Jul retail sales due Fri, Reuters poll consensus +0.1% m/m

• RBA Deputy Governor Hauser speaks in Brisbane Wed, AU Jul jobs data due Thur

• Overnight range 0.7046-67 support 0.6920 0.6866, resistance 0.7090 0.7200
AUD Weekly 52-WMA

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