• AUD/USD +0.2% Mon, but well off early 0.7069 high as USD negativity eases

• Anxiety surrounding U.S.-Japan coordinated JPY intervention abates

• Brent crude -4.6% after Trump cancels scheduled Iran attacks, seeks deal

• AUD struggling to maintain elevation above prior 0.7025-35 resistance zone

• Break back below 0.7025 would signal return of downside risk toward 0.6920

• AU Jul S&P manufacturing PMI 52.0 (prior 51.7), Jun household spending Tue

• Range Asia 0.70325-69 support 0.6920 0.6866, resistance 0.70885 0.7200
AUD Hourly Bollinger Study & DXY Daily 55-DMA

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