• AUD/USD -0.2% Mon as CN inflation runs hotter than expected & Iran weighs

• CN Apr PPI 2.8% y/y (poll +1.6%), CPI +1.2% y/y (poll +0.9%) & +0.2% m/m

• U.S.-Iran peace prospects fading as both sides reject respective proposals

• AUD uptrend remains valid but may drift sideways before attempting extension

• AU Q1 wage price index due Wed, gives guidance on sticky services inflation

• Range Asia 0.7205-55, support 0.6834 0.6660, resistance 0.7283 0.7661
AUD Weekly 52-WMA

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