• AUD/USD +0.3% early Mon; DXY softens after Trump flags Hormuz assistance

• Says U.S. will begin helping ships stranded in Strait of Hormuz from Mon

• Iran says U.S. has responded to latest proposal, division remains likely

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

• AUD pushing upper hourly Bollinger band, topside momentum capped short term

• AU Mar building approvals due Mon, Reuters poll consensus -10.0%

• Range Asia 0.7188-0.7228, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD Hourly Bollinger Study & DXY Daily 55-DMA

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