• AUD/USD +0.1% in early Asia, battling to clear 0.7210-15 resistance zone

• Market reaction muted after U.S. & Iran exchange fire over weekend

• AUD targets 0.72825 50-month high, break above will open topside materially

• Futures pricing now implies 71.0% probability of Sep RBA hike

• U.S. Aug non-farm payrolls +162k (poll +56k), fans FFR hike expectations

• Attention swings to pivotal U.S. Aug PPI (due Wed) & CPI (due Thur)

• RBA officials Sarah Hunter and Andrew Hauser speaking in Sydney Tue

• Range Asia 0.7197-05 support 0.6920 0.6866, resistance 0.7210-15 0.7282
AUD Daily 21/55/100-DMA

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