• AUD/USD flat Thur but downside bias remains as U.S.-Iran war re-escalates

• Brent crude +2.3% to $95.20 a barrel after Iran re-emphasises Hormuz closure

• Explosions across Iran reported after U.S. flags strikes on key facilities

• U.S. initial jobless claims (poll 219k) and May PPI due Thur

• Futures pricing implies 99% probability RBA leaves OCR unchanged Tue

• Next AUD target 0.6834 support, break below would be extremely bearish

• Range Asia 0.6987-0.7002, support 0.6834, resistance 0.7080 0.7200
AUD Hourly Bollinger Study & DXY Daily 55-DMA


AUD Weekly 52-WMA

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