• Off 0.45% after trading down 0.5% early - risk off on US/Iran bombing

• Australia supports the U.S. strike, but calls for a return to diplomacy

• Modest response to Iran events - E-mini S&P -0.45%, Brent +2.7%, gold -0.4%

• There is no significant Aus data, so risk appetite and the USD will lead AUD

• Charts, 5, 10 & 21-day moving averages slip with momentum studies

• 21-day Bollinger bands expand - overall, a modest negative setup

• Targets a test of 0.6407 May 30 low, then the 0.6344 late April base

• Thursday's 0.6510 high, then 0.6552 June, and 2025 top are first resistance
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)