• AUD/USD -0.3% Thur as markets revisit fears of extended energy crisis

• Strait of Hormuz remains 'effectively closed' by Iran and blockaded by U.S.

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

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

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

• Crucial AU Q1 CPI update Sep 29 (prior +0.6% q/q, +3.6% y/y)

• Range Asia 0.7138-655, support 0.6834 0.6660, resistance 0.7250 0.7283
Strait of Hormuz Oil Tanker Movements


AUD Weekly 52-WMA

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