• AUD/USD traded a tight 0.7170-0.7150 range overnight, NY opened near 0.7160

• Pair was down -0.06% despite drops in US yields & USD/CNH

• Rallies in gold, silver and equities could not inspire AUD/USD bulls

• Investors sidelined as they are likely waiting for Pres. Trump's decision on Iran deal

• Should the President agree the deal risk-on may ensue & AUD/USD might rally

• Monthly doji, falling monthly RSI are concerns for AUD/USD bulls

• Pair's hold above the 10- & 55-DMAs and the daily cloud give bulls some comfort
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)