• AUD/USD -0.2% Fri, potential U.S.-Iran re-escalation impeding risk appetite

• Trump rules out nuclear strike; Lebanon-Israel ceasefire extended

• Israels threats, Tehran air defence systems activation fuel anxiety

• Pivotal AU Q1 CPI update due Apr 29, will re-focus traders on hawkish RBA

• Futures market pricing currently implies 79.4% probability of May OCR hike

• AUD continues to grind lower without major support in close by

• Range Asia 0.7115-35, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD Daily 55-DMA

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