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• NY opened near 0.7155 after AUD/USD traded 0.7150 in Europe's morning
• Rally ensued on report Pres. Trump to make determination on deal with Iran
• USD, US yields fell & USD/CNH hit a fresh 3-1/4-year low of 6.7605
• Gold, silver and copper moved upward while stocks hit new all-time highs
• AUD/USD rallied above the 21-DMA, hit 0.7200 then neared 0.7185, was up +0.32% late
• May's monthly doji indicates either pause in long-term rally or reversal
• Widening Bollinger bands indicates rally could resume
however
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(Christopher Romano is a Reuters market analyst. The views
expressed are his own)