• AUD/USD -0.8% from Mon 0.7228 low after U.S.-Iran war ceasefire frays

• Iran hits commercial vessels in Strait of Hormuz and UAE oil port

• Brent crude jumps 5.3% to $114 a barrel, broad USD index +0.3%

• RBA meeting outcome 0430 GMT, 25 bps OCR hike anticipated, dialogue critical

• AUD downside potential muted pre-RBA, overnight lows unlikely to break

• U.S. Mar factory orders +1.5% m/m (poll +0.5%) on military & AI spending

• Overnight range 0.71535-994, 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.)