• AUD/USD flat Wed as traders ponder Iran deterioration & CN inflation update

• CN May PPI +3.9% y/y (poll 3.8%), CPI +1.2% y/y (poll 1.3%) & -0.1% m/m

• U.S.-Iran hostilities re-escalate as Iran hits back after fresh U.S. strikes

• Brent crude +0.9% & DXY steady Wed in benign response thus far

• U.S. CPI due Wed (Reuters poll consensus +4.2% y/y), U.S. May PPI due Thur

• AUD targeting 0.6834 support zone as DXY continues to probe topside

• Range Asia 0.7016-32, support 0.6834, resistance 0.7080 0.7200 0.7283
AUD Weekly 52-WMA


AUD Hourly Bollinger Study & DXY Daily 55-DMA

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