• AUD/USD -0.6% wtd as RBA rate expectations soften & geopolitical woe grows

• Futures pricing implies 99% probability RBA leaves 4.35% OCR unchanged Tue

• U.S. strikes targets across Iran, Trump threatens further escalation

• U.S. initial jobless claims (poll 219k) and May PPI due Thur

• AUD targeting 0.6834 support, break below would be extremely bearish

• Range Asia 0.6987-0.7003, support 0.6834, resistance 0.7080 0.7200
AUD Weekly 52-WMA

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