6.10 The continue statement

continue_stmt:  "continue"

continue may only occur syntactically nested in a for or while loop, but not nested in a function or class definition or try statement within that loop.^6.1It continues with the next cycle of the nearest enclosing loop.

Footnotes

... loop.^6.1

It may occur within an except or else clause. The restriction on occurring in the try clause is implementer's laziness and will eventually be lifted.