• AUD/USD +0.9% from Thur 0.7098 low as risk sentiment improves on Iran hopes

• Sources say U.S.-Iran agreement to extend ceasefire awaits Trump's approval

• Iran denies agreement, which reportedly includes eased Hormuz restrictions

• AUD resistance near 0.7184 tough to break, drift lower likely in Asia

• U.S. Apr core PCE +0.2% m/m (poll +0.3%), +3.3% y/y (poll +3.3%)

• Overnight range 0.7108-70, support 0.7080 0.6834, resistance 0.7184 0.7283
AUD Daily 55-DMA

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