• AUD/USD soft in Asia after closing 0.5% lower Mon on broad USD strength

• Weighed down by risk aversion as U.S.-Iran hostilities escalate

• U.S. crude up 9% as Trump reinstates blockade of Iranian shipping in Gulf

• U.S. 2-year rallies 8bps to highest since Feb 2025, stocks slide

• Rising Fed rate hike bets to cap AUD rallies; U.S. CPI, Warsh testimony Tue

• Support 0.6900-05 but 200-day MA at 0.6879 key; daily close below bearish

• Resistance 0.6945-50, 0.6965-70; Asia range 0.6913-0.6920
AUD:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)