• AUD/USD flat Mon, with material moves unlikely ahead of RBA outcome Tue

• RBA monetary policy meeting currently underway, 25 bps OCR hike expected

• AU Mar building approvals -10.5% m/m (Reuters poll consensus -10.0%)

• Trump flagging help for ships trapped by Strait of Hormuz closure

• Iran says U.S. has responded to latest pre-peace talks proposal

• U.S. Mar factory orders due Mon, Reuters poll consensus +0.5% m/m

• Range Asia 0.7188-0.7228, 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.)