• AUD/USD flat in early trade Mon despite off-piste U.S.-Iran negotiations

• Iran closed Strait of Hormuz Sat in response to Israel strikes in Lebanon

• Trump threatens to resume attacks on Iran; negotiations in CH 'concluded'

• Fed rate-hike expectations continue to build post-FOMC's 'hawkish hold'

• AUD vulnerable to further downside, break below 0.6980 would accelerate move

• AU May CPI due Wed (poll -0.3% m/m), May employment data due Thur

• RBA Deputy Governor Andrew Hauser speaks in Melbourne Wed

• Range Asia 0.70169-18, support 0.6980 0.6834, resistance 0.7089 0.7200
AUD Hourly Bollinger Study

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