AUD/USD opens +0.71% after USD broadly eased on Monday nL1N3BM28Y

Market reversed safe-haven hedges put on Friday in case Middle East conflict expanded

Crisis remains fluid but market shifted focus for now and equities rallied nL1N3BM2MY

AUD/USD closed at session high above 0.6340

Resistance is at 10-day MA at 0.6363 and break would ease downward pressure

More resistance @ 21-day MA @ 0.6385 and break would suggest bottom in place

Support at double-bottom and 2023 low at 0.6286 validated by bounce

Range trading likely ahead of US retail sales today and China GDP Wednesday

RBA minutes today but unlikely to surprise after Oct statement was unchanged from Sept

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