• AUD/USD +0.4% from Mon 0.7016 low but sentiment uplift looks temporary

• Iran & Israel say strikes paused, skirmishes continue despite U.S. pressure

• Yemen's Houthis pledge to block Israeli maritime navigation in the Red Sea

• USD index back above 100.00, now targeting 100.64 resistance

• AUD break below 0.7111 55-DMA (& 0.7080 support) confirms downswing

• CN May trade balance due Tue, Reuters poll consensus $92.1 bln surplus

• Range Asia 0.7042-465, support 0.6834, resistance 0.7080 0.7200 0.7283
AUD Daily 55-DMA


DXY Daily 55-DMA

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